RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U4) Pierces Resistance

BOBL TECHS
  • RES 4: 117.120 1.764 proj of the May 31 - Jun 4 - 10 price swing
  • RES 2: 116.960 1.618 proj of the May 31 - Jun 4 - 10 price swing
  • RES 3: 116.830 1.50 proj of the May 31 - Jun 4 - 10 price swing
  • RES 1: 1116.810 Intraday high
  • PRICE: 116.590 @ 08:10 BST Jun 14
  • SUP 1: 116.160/115.846 High Jun 4 / 20-day EMA
  • SUP 2: 115.560 Low Jun 12
  • SUP 3: 115.180 Low Jun 10
  • SUP 4: 115.000 Round number support

A primary downtrend in Bobl futures remains intact and gains since May 31, appear to be a correction, despite this week’s strong recovery. Note, that resistance at 116.160, Jun 4 high, has been cleared. This does warn of a stronger bullish theme and has exposed resistance at 116.750, the May 16 high. It has been pierced, a clear break would strengthen a bullish theme. Initial firm support is at 115.846, the 20-day EMA.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.