Free Trial

(U18) 21-DMA Supporting, 131.770.........>

BOBL TECHS
BOBL TECHS: (U18) 21-DMA Supporting, 131.770 Support Key This Week
*RES 4: 132.646 Bollinger band top 
*RES 3: 132.330 High July 2 
*RES 2: 132.270 High July 4 
*RES 1: 132.190 High July 9
*PREVIOUS CLOSE: 132.100
*SUP 1: 132.007 21-DMA
*SUP 2: 131.890 Low July 5
*SUP 3: 131.770 High June 18 now support, Low June 29
*SUP 4: 131.490 Hourly resistance June 14 now support
*COMMENTARY: Topside hesitation last week resulted in a dip Thursday
reconfirming the significance of the 131.770 support. Bulls still need a close
above 132.330 to confirm focus on 132.660-970. Correcting O/B studies have
weighed the past week but studies are now at neutral levels. Bears now look for
a close below 21-DMA to ease bullish pressure and below 131.770 to initially
target 131.190-325 where the 55-DMA is noted.

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.