Free Trial

(U9) Bulls eye 136.00 next *RES 4:.......>

BOBL TECHS
BOBL TECHS: (U9) Bulls eye 136.00 next
*RES 4: 136.315 1.618 projection of the Jul 12-Jul 27 rally from Jul 25 low
*RES 3: 136.190 1.500 projection of the Jul 12-Jul 27 rally from Jul 25 low
*RES 2: 136.000 Round number resistance
*RES 1: 135.810 Contract high Aug 13 and intraday high
*PRICE: 135.810 @ 02:59 GMT Aug 14
*SUP 1: 135.630 Low Aug 9
*SUP 2: 135.360 Low Aug 7
*SUP 3: 135.233 Channel base drawn off the July 12 low
*SUP 4: 135.110 High Jul 25
U9 Bobl uptrend remains intact. A fresh contract high of 135.810 yesterday marks
an extension of the uptrend once again. Momentum is in overbought territory,
however this condition poses little threat to bulls at this stage given the lack
of any bearish signals at this stage. The focus is on the trend channel top at
135.89 and the 136.00 level. Initial support lies at 135.63. Note, trendline
support drawn off the Jul 12 low is currently at 135.33.

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.