Free Trial

(U17) O/B Daily Studies Correcting &......>

JGB TECHS
JGB TECHS: (U17) O/B Daily Studies Correcting & Weighing 
*RES 4: 151.35 - 2017 High Aug 29
*RES 3: 151.34 - Bollinger band top
*RES 2: 151.25 - Hourly resistance Aug 30a
*RES 1: 151.14 - Hourly resistance Aug 30
*PRICE: 151.05 @ 2130GMT
*SUP 1: 151.01 - High Aug 24 now support 
*SUP 2: 150.95 - Alternating hourly support/resistance 
*SUP 3: 150.84 - High Aug 18 now support 
*SUP 4: 150.66 - Low Aug 23, 21-DMA
*COMMENTARY: The lack of topside follow through on fresh 2017 and 10mth highs
has left the contract looking heavy. Daily studies correcting from O/B are
adding weight to the case for move back to 150.66 where the 21-DMA is located.
Layers of resistance are also weighing with bulls now needing a close above
151.25 to retain focus on 151.58-152.04 where Nov highs are situated. Bears
still need a close below 151.01 to initially shift focus back to 150.66-84.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.