Free Trial

(U9) Holding above trendline *RES 4:.....>

BOBL TECHS
BOBL TECHS: (U9) Holding above trendline
*RES 4: 137.000 Round number resistance
*RES 3: 136.315 1.618 projection of Jul 12-Jul 25 rally from Jul 25 low
*RES 2: 136.240 Contract high Aug 20
*RES 1: 136.15 High Aug 21 and 26
*PRICE: 136.070 @ 02:45 GMT Aug 28
*SUP 1: 135.889/ 640 Trendline support off Jul 12 low/Low Aug 22 and key support
*SUP 2: 135.403 38.2% retracement of Jul 12 - Aug 20 rally
*SUP 3: 135.360 Low Aug 7
*SUP 4: 135.110 High Jul 25
U9 Bobl recent activity has seen trendline support drawn off the July 12 low
tested and temporarily breached. Key support has been defined at 135.640, the
low of Aug 22. As long as this level remains intact, the trendline and the bull
trend remains intact too. The focus is on the contract high of 136.24. A break
of 135.640 is needed to signal scope for a deeper correction. This would confirm
a trendline break and momentum would likely be bearish too.

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.