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(U4) Northbound

BOBL TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 118.480 3.00 proj of the May 31 - Jun 4 - 10 price swing
  • RES 3: 118.100 High Apr 12 (cont)
  • RES 2: 118.060 2.618 proj of the May 31 - Jun 4 - 10 price swing
  • RES 1: 118.030 Intraday high
  • PRICE: 117.930 @ 05.53 BST Aug 2
  • SUP 1: 117.350/116.882 Low Jul 31 / 20-day EMA
  • SUP 2: 116.320 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 have traded higher this week. This has resulted in a break of key resistance at the Jun 14 high of 117.160. A medium-term bull cycle remains in play and the clear breach of 117.160 reinforces current conditions. This opens 118.060 next, a Fibonacci projection. On the downside, a reversal would instead refocus attention on 116.320, the Jul 22 low and key support. Initial firm support is 116.882, the 20-day EMA.

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  • RES 4: 118.480 3.00 proj of the May 31 - Jun 4 - 10 price swing
  • RES 3: 118.100 High Apr 12 (cont)
  • RES 2: 118.060 2.618 proj of the May 31 - Jun 4 - 10 price swing
  • RES 1: 118.030 Intraday high
  • PRICE: 117.930 @ 05.53 BST Aug 2
  • SUP 1: 117.350/116.882 Low Jul 31 / 20-day EMA
  • SUP 2: 116.320 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 have traded higher this week. This has resulted in a break of key resistance at the Jun 14 high of 117.160. A medium-term bull cycle remains in play and the clear breach of 117.160 reinforces current conditions. This opens 118.060 next, a Fibonacci projection. On the downside, a reversal would instead refocus attention on 116.320, the Jul 22 low and key support. Initial firm support is 116.882, the 20-day EMA.