Free Trial

(Z0) Looking For Support

BOBL TECHS
  • RES 4: 136.000 Round number resistance
  • RES 3: 135.907 1.764 proj of Sep 1 - Sep 9 rally from Sep 10 low
  • RES 2: 135.860 High Oct 20 and the bull trigger
  • RES 1: 135.760 High Oct 21
  • PRICE: 135.640 @ 05:06 BST Oct 26
  • SUP 1: 135.470 Low Oct 23
  • SUP 2: 135.4661 20-day EMA
  • SUP 3: 135.370 High Sep 21 and Oct 5 and former breakout level
  • SUP 4: 135.360 Low Oct 13

BOBL gains stalled this week and remain in a corrective cycle. Key resistance has been defined at 135.860, Oct 20 high. Friday's low though of 135.470 is initial support and the recovery off this level is the first signal that the corrective pullback may be over. A break of resistance at 135.760, Oct 21 high would refocus attention on resistance at 135.860. Weakness below 135.470 would again expose 135.370, Sep 21 and Oct 5 high.

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.