Free Trial

(U3)Watching Resistance

BOBL TECHS
  • RES 4: 116.860 High Jun 13
  • RES 3: 116.600 High Jul 19 and a key resistance
  • RES 2: 116.340 High Aug 8
  • RES 1: 116.260 High Aug 24
  • PRICE: 115.540 @ 05:22 BST Aug 28
  • SUP 1: 115.490/210 Low Aug 25 / 23
  • SUP 2: 114.960 Low Aug 21
  • SUP 3: 114.710 Low Aug 15
  • SUP 4: 114.550 Low Jul 6 and a key support

Bobl futures rallied last week but have retraced from recent highs. The climb resulted in a break of both the 20- and 50-day EMA values. This highlights a stronger short-term reversal and a resumption of gains would signal scope for 116.340, the Aug 8 high. Moving average studies continue to highlight a dominant downtrend and suggest gains are a correction. A break below 115.210, Aug 23 low, would be a bearish development.

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.