Free Trial
EGB OPTIONS

Latest Bund option

OIL

Gasoil Lowest Backwardation Since Jan

CANADA

GoC New Post-1990 Lows For 2s10s

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) Trend Needle Still Points South

BOBL TECHS
  • RES 4: 124.147 20-day EMA
  • RES 3: 124.190 High Jun 9
  • RES 2: 122.600/123.280 High Jun 13 / High Jun 10
  • RES 1: 121.660 High Jun 14
  • PRICE: 120.790 @ 05:05 BST Jun 15
  • SUP 1: 120.520 Low Jun 14
  • SUP 2: 120.480 3.50 proj of the May 12 - 18 - 26 price swing
  • SUP 3: 120.270 3.618 proj of the May 12 - 18 - 26 price swing
  • SUP 4: 120.000 Psychologicals round number

Bobl futures remain soft with a fresh low print registered again yesterday. The downtrend continues to accelerate and this signals scope for a continuation lower. The recent breach of 124.840, May 6 low confirmed a resumption of the primary downtrend and has maintained the bearish price sequence of lower lows and lower highs. The focus is on 120.480 next, a Fibonacci projection. Initial firm resistance is still seen at 124.147, the 20-day EMA.

144 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: 124.147 20-day EMA
  • RES 3: 124.190 High Jun 9
  • RES 2: 122.600/123.280 High Jun 13 / High Jun 10
  • RES 1: 121.660 High Jun 14
  • PRICE: 120.790 @ 05:05 BST Jun 15
  • SUP 1: 120.520 Low Jun 14
  • SUP 2: 120.480 3.50 proj of the May 12 - 18 - 26 price swing
  • SUP 3: 120.270 3.618 proj of the May 12 - 18 - 26 price swing
  • SUP 4: 120.000 Psychologicals round number

Bobl futures remain soft with a fresh low print registered again yesterday. The downtrend continues to accelerate and this signals scope for a continuation lower. The recent breach of 124.840, May 6 low confirmed a resumption of the primary downtrend and has maintained the bearish price sequence of lower lows and lower highs. The focus is on 120.480 next, a Fibonacci projection. Initial firm resistance is still seen at 124.147, the 20-day EMA.