Free Trial

(U18) Bullish Trend Intact But Losing....>

BOBL TECHS
BOBL TECHS: (U18) Bullish Trend Intact But Losing Momentum
*RES 4: 134.00 Measured move from triangle breakout 
*RES 3: 132.970 High May 29 
*RES 2: 132.660 Gap left on May 30 
*RES 1: 132.610 High Aug 17 
*PREVIOUS CLOSE: 132.500 
*SUP 1: 132.310 Aug 15 low 
*SUP 2: 132.210 Aug 10 low 
*SUP 3: 131.790 Low Aug 7 
*SUP 4: 131.660 Low Aug 3 
The Sep-18 Bobl posted a new high on Friday and the bullish trend remains intact
but momentum appears to be waning. Bulls need to close above Friday's high of
132.610 to give the uptrend fresh impetus and target the May 30 gap. Bears need
to close below the August 15 low at 130.310 to give them some breathing room,
and allow them to target the August 10 low at 132.210.

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.