Free Trial

(U18) The 132.30 Area Remains A Tough....>

BOBL TECHS
BOBL TECHS: (U18) The 132.30 Area Remains A Tough Obstacle To Progress
*RES 4: 132.79 0.5% volatility band
*RES 3: 132.63/66 1.618 swing 132.30-131.77, May 30 high 
*RES 2: 132.45 76.4% Fibo of 132.97-130.78
*RES 1: 132.30/33 Jun 28, Jul 2 highs
*PRICE: 131.98 @0651GMT
*SUP 1: 131.90 Hourly support
*SUP 2: 131.77 Jun 29 low
*SUP 3: 131.60 Jun 18 low
*SUP 4: 131.37 61.8% Fibo of 130.78-132.33
*COMMENTARY* The 132.30 area has proved a tough opponent over the last 2 weeks.
A high of 132.33 on Monday, is the best it has got so far and a continued move
towards the 76.4% Fibo retrace level at 132.45 and the swing target at 132.63,
still looks to be on hold for a while. While capped around 132.30-132.33, there
will be scope for a pullback, immediate support comes from 131.90 and then last
Friday's 131.77 low, loss will caution. 

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.