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(Z1) Bearish Focus

BOBL TECHS
  • RES 4: 135.200 Low Sep 17, high Oct 4 and recent breakout level
  • RES 3: 135.060 High Oct 7
  • RES 2: 134.860 High Oct 14
  • RES 1: 134.180/610 High Oct 29 / High Oct 28 and key resistance
  • PRICE: 134.100 @ 05:13 GMT Nov 2
  • SUP 1: 133.690 Low Oct 29
  • SUP 2: 133.340 Low Mar 19 and key medium-term support (cont)
  • SUP 3: 133.308 1.764 proj of the Oct 4 - 13 - 14 price swing
  • SUP 4: 133.100 2.00 proj of the Oct 4 - 13 - 14 price swing

Bobl futures maintain a bearish tone following last week's move lower and fresh trend low prints. The move lower reinforces bearish conditions and maintains a price sequence of lower lows and lower highs. Key short-term trend resistance is at 134.610, Oct 28 high and a break is required to signal scope for a short-term reversal. With trend signals still pointing south, the focus is on 133.340 next, the Mar 19 low on the continuation chart.

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