Free Trial

(Z0) Bullish Theme Remains Intact

BOBL TECHS
  • RES 4: 135.563 1.236 proj of Sep 1 - Sep 9 rally from Sep 10 low
  • RES 3: 135.500 Round number resistance
  • RES 2: 135.410 1.000 proj of Sep 1 - Sep 9 rally from Sep 10 low
  • RES 1: 135.370 High Sep 21
  • PRICE: 135.210 @ 04:41 BST Sep 29
  • SUP 1: 135.030 Low Sep 21
  • SUP 2: 134.900 Low Sep 11 and 17
  • SUP 3: 134.760 Low Sep 11
  • SUP 4: 134.610 Low Sep 1 and major support

BOBL futures maintain a bullish outlook despite still trading below recent highs. A bullish theme follows the Sep 21 breach of the 135.260 congestion, high Aug 21, Sep 3, 8 and 9. The break confirms a resumption of the uptrend in place since Sep 1, and clears the way for an extension higher. Attention is on 135.410 and 135.563, both Fibonacci projections. Key support has been defined at 134.900, Sep 17 low. A break would dent the positive theme.

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.