Free Trial
OIL

Falters On Cross Asset Headwinds

GOLD

Risk Aversion Providing Some Support

KRW

Won Hit On Multiple Fronts

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(U2) Pullback Considered Corrective

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: 128.060/128.760 High Aug 3 / 2 and the bull trigger
  • PRICE: 127.140 @ 05:13 BST Aug 11
  • SUP 1: 126.755/450 20-day EMA / Low Jul 28
  • SUP 2: 125.967 50-day EMA
  • SUP 3: 124.030 Low Jul 21 and a reversal trigger
  • SUP 4: 123.010 Low Jun 30

Bobl futures are consolidating. The contract remains in an uptrend and the recent pullback is considered corrective. Last week’s high print confirmed a resumption of the trend and this maintains the bullish price sequence of higher highs and higher lows. A resumption of gains would open 129.001 next, a Fibonacci projection. Key support is 124.030, the Jul 21 low. A break would signal a reversal. Initial firm support is 126.450, Jul 28 low.

149 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • 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: 128.060/128.760 High Aug 3 / 2 and the bull trigger
  • PRICE: 127.140 @ 05:13 BST Aug 11
  • SUP 1: 126.755/450 20-day EMA / Low Jul 28
  • SUP 2: 125.967 50-day EMA
  • SUP 3: 124.030 Low Jul 21 and a reversal trigger
  • SUP 4: 123.010 Low Jun 30

Bobl futures are consolidating. The contract remains in an uptrend and the recent pullback is considered corrective. Last week’s high print confirmed a resumption of the trend and this maintains the bullish price sequence of higher highs and higher lows. A resumption of gains would open 129.001 next, a Fibonacci projection. Key support is 124.030, the Jul 21 low. A break would signal a reversal. Initial firm support is 126.450, Jul 28 low.