Free Trial

(U9) New contract high *RES 4: 137.000...>

BOBL TECHS
BOBL TECHS: (U9) New contract high
*RES 4: 137.000 Round number resistance
*RES 3: 136.315 1.618 projection of the Jul 12-Jul 27 rally from Jul 25 low
*RES 2: 136.000 Round number resistance
*RES 1: 135.770 Contract high Aug 12
*PRICE: 135.680 @ 02:56 GMT Aug 12
*SUP 1: 135.588 5-DMA
*SUP 2: 135.360 Low Aug 7
*SUP 3: 135.220 Channel base from July 12 low
*SUP 4: 134.967 21-DMA
U9 Bobl uptrend remains intact. A fresh contract high of 135.770 on Friday
confirmed a resumption of the uptrend. Price action did however fail to hold
onto the day's high and the sell-off could be an early signal a correction is
due. A pullback would open trendline support at 135.220, drawn off the Jul 12
low. This is seen as a key support. On the upside, gains above Friday's high
would instead confirm a resumption of the trend and open 136.00.

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.