Free Trial

(U4) Bullish Theme

BOBL TECHS
  • RES 4: 117.640 2.236 proj of the May 31 - Jun 4 - 10 price swing
  • RES 2: 117.440 High May 16 2024 (cont)
  • RES 3: 117.380 2.00 proj of the May 31 - Jun 4 - 10 price swing
  • RES 1: 117.160 High Jun 14
  • PRICE: 116.800 @ 05:13 BST Jun 25
  • SUP 1: 116.340/116.305 Low Jun 14 / 20-day EMA
  • SUP 2: 115.790 Low Jun 13
  • SUP 3: 115.560 Low Jun 12
  • SUP 4: 115.180 Low Jun 10

Bobl futures remain in consolidation mode and the contract is holding on to the bulk of its recent gains. The latest move higher resulted in a break of resistance at 116.750, the May 16 high. This confirms a stronger bullish theme and signals scope for a continuation near-term. Sights are on 117.380 next, a Fibonacci projection. Initial firm support is at 116.305, the 20-day EMA. First support lies at 116.340, the Jun 14 low.

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.