Free Trial

(Z0) Off Recent Highs

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: 135.590 @ 04:50 BST Oct 23
  • SUP 1: 135.540 Low Oct 22
  • SUP 2: 135.510 Low Oct 15
  • SUP 3: 135.452 20-day EMA
  • SUP 4: 135.370 High Sep 21 and Oct 5 and former breakout level

BOBL gains have stalled this week and remain in a corrective cycle. Key resistance has been defined at 135.860, Tuesday's intraday high. Attention is on the next support at 135.510, Oct 15 low ahead of the 20-day EMA at 135.452. A break of the average would signal scope for a deeper pullback. On the upside, clearance of 135.860, the bull trigger, would confirm a resumption of the uptrend and open 135.907, a Fibonacci projection.

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.