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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.
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Free Access(U2) Fresh Short-Term Gains
- RES 4: 126.710 High May 26
- RES 3: 126.090 High May 30
- RES 2: 125.780 High May 31
- RES 1: 125.112 76.4% retracement of the May 26 - Jun 16 sell-off
- PRICE: 124.470 @ 05:26 BST Jul 1
- SUP 1: 123.082 20-day EMA
- SUP 2: 121.910 Low Jun 28
- SUP 3: 120.990 Low Jun 21
- SUP 4: 119.940 Low Jun 16 and bear trigger
Bobl futures are trading on a firmer note and the contract has cleared resistance at 123.960, the Jun 24 high. This confirms a resumption of the current bullish corrective cycle and price has established a positive price sequence of higher highs and higher lows. Scope is seen for a climb towards 125.112, a Fibonacci retracement level. Key short-term support has been defined at 121.190, the Jun 28 low. A break would highlight a reversal.
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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.