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(U4) Bull Cycle Still In Play

BOBL TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 120.000 Psychological round number
  • RES 3: 119.730 2.00 proj of the May 31 - Jun 14 - Jul 5 price swing
  • RES 2: 119.234 1.764 proj of the May 31 - Jun 14 - Jul 5 price swing
  • RES 1: 119.090 High Aug 5
  • PRICE: 117.980 @ 05:49 BST Aug 9
  • SUP 1: 117.359 20-day EMA
  • SUP 2: 116.888/116.320 50-day EMA / Low Jul 22
  • SUP 3: 115.980 Low Jul 10 / 11
  • SUP 4: 115.530 Low Jul and the key short-term support

Bobl futures remain in an uptrend and the pullback from Monday’s high is considered corrective. This is allowing an overbought condition to unwind. Recent gains resulted in a break of key resistance at the Jun 14 high of 117.160. This break, together with the subsequent impulsive rally, reinforces current conditions. Sights are on 119.234, a Fibonacci projection. On the downside, initial firm support to watch lies at 117.359, the 20-day EMA.

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  • RES 4: 120.000 Psychological round number
  • RES 3: 119.730 2.00 proj of the May 31 - Jun 14 - Jul 5 price swing
  • RES 2: 119.234 1.764 proj of the May 31 - Jun 14 - Jul 5 price swing
  • RES 1: 119.090 High Aug 5
  • PRICE: 117.980 @ 05:49 BST Aug 9
  • SUP 1: 117.359 20-day EMA
  • SUP 2: 116.888/116.320 50-day EMA / Low Jul 22
  • SUP 3: 115.980 Low Jul 10 / 11
  • SUP 4: 115.530 Low Jul and the key short-term support

Bobl futures remain in an uptrend and the pullback from Monday’s high is considered corrective. This is allowing an overbought condition to unwind. Recent gains resulted in a break of key resistance at the Jun 14 high of 117.160. This break, together with the subsequent impulsive rally, reinforces current conditions. Sights are on 119.234, a Fibonacci projection. On the downside, initial firm support to watch lies at 117.359, the 20-day EMA.