Free Trial

(U9) Bearish close *RES 4: 136.000.......>

BOBL TECHS
BOBL TECHS: (U9) Bearish close
*RES 4: 136.000 Round number resistance
*RES 3: 135.320 Range breakout projection
*RES 2: 135.268 Bull channel top drawn off the May 22 low
*RES 1: 135.110 Contract high, Jul 25
*PRICE: 134.810 @ 02:49 GMT July 26
*SUP 1: 134.630 Low Jul 22
*SUP 2: 134.520 Low Jul 18
*SUP 3: 134.350 Low Jul 17
*SUP 4: 134.260 Low Jul 16
U9 Bobl remains bullish with prices pushing higher yesterday. Price activity
however traded within a significantly wider than normal range and closed down on
the day. This is a warning that some uncertainty regarding market sentiment is
developing and that the trend is possibly mature. Key support has been defined
at yesterday's low of 134.600. If breached, this would suggest the start of a
correction to recent gains. The key upside trigger is at 135.110.

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.