Free Trial

(U9) Projected Channel Top Eyed At.......>

BOBL TECHS
BOBL TECHS: (U9) Projected Channel Top Eyed At 134.325
*RES 4: 135.000 Psychological level
*RES 3: 134.890 High Feb 24, 2017
*RES 2: 134.325 Projected channel top from May 3 low
*RES 1: 134.170/230 Contract high June 6, High 7 Mar 2017
*PRICE: 134.050 @ 02:56 GMT June 10
*SUP 1: 133.760 Projected channel base from May 3 low
*SUP 2: 133.680 Outside day low June 6
*SUP 3: 133.652 21-dma
*SUP 4: 133.300 Low May 22
Bias remains skewed on fresh contract high above 134.17 with focus on the Mar 7
2017 high at 134.230 ahead of projected channel top at 134.325. Whilst the daily
studies are firmly in overbought territory, the slow-stochastic and 14-day RSI
still remain below extreme levels - implying upside risks. Initial support is at
133.760 - projected channel base from May 3 low, with outlook constructive
whilst above 21-dma at 133.652.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.