Free Trial

(U18) Capped Below 55-DMA *RES 4:........>

BOBL TECHS
BOBL TECHS: (U18) Capped Below 55-DMA
*RES 4: 132.000 High July 25 
*RES 3: 131.910 High July 30 
*RES 2: 131.775 55-DMA 
*RES 1: 131.670 High August 2 
*PREVIOUS CLOSE: 131.590 
*SUP 1: 131.520 Hourly Low August 2 
*SUP 1: 131.360 Low August 1 
*SUP 2: 131.126 100-DMA 
*SUP 3: 130.780 Low June 14 
Yesterday's rally has given bulls some breathing room but a break of the 55-DMA
at 131.775 will be needed to shift the focus higher. For now the broader
downtrend remains intact and would likely see renewed impetus on a break below
131.520, which would set up a move to recent lows at 131.360 and the 100-DMA,
which now comes in at 131.126.

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.