Free Trial

(U2) Bullish Focus

BOBL TECHS
  • RES 4: 130.000 Round number resistance
  • RES 3: 129.950 2.00 projection of the Jun 16 -24 - 28 price swing
  • RES 2: 129.001 1.764 projection of the Jun 16 -24 - 28 price swing
  • RES 1: 128.760 High Aug 2
  • PRICE: 127.840 @ 05:21 BST Aug 3
  • SUP 1: 126.450/126.366 Low Jul 28 / 20-day EMA
  • SUP 2: 125.622 50-day EMA
  • SUP 3: 124.030 Low Jul 21 and a reversal trigger
  • SUP 4: 123.010 Low Jun 30

The Bobl futures outlook remains bullish and yesterday’s high print strengthens current conditions. The move higher confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. The focus is on 129.001 next, a Fibonacci projection. Key support has been defined at 124.030, Jul 21 low. A break would signal a reversal. Initial support is at last Thursday’s 126.450 low.

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.