Free Trial

(U9) Potential Double-Day High Bear......>

BOBL TECHS: (U9) Potential Double-Day High Bear Reversal
*RES 4: 137.000 Round number resistance
*RES 3: 136.820 Bull channel top drawn off the July 12 low
*RES 2: 136.000 Round number resistance
*RES 1: 135.770 Contract high Aug 9
*PRICE: 135.730 @ 03:51 GMT Aug 9
*SUP 1: 135.508 5-DMA
*SUP 2: 134.810/897 Low Jul 31, 21-DMA
*SUP 3: 134.600 Low Jul 25
*SUP 4: 134.445 Channel base from July 12 low
U9 Bobl has put in a potential double-day high top at 135.700/135.710, and
whilst this caps the topside - the risk is on a correction lower as daily
studies look to unwind overbought readings. Support is at the 5-DMA at 135.508
ahead of channel base from July 12 low, which is today valued at 134.445.

To read the full story



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.