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(Z1) Clears Recent Highs

  • RES 4: 136.14 High Aug 25
  • RES 3: 135.870 High Sep 3
  • RES 2: 135.660 High Sep 9
  • RES 1: 135.540 High Sep 21 and a key near-term resistance
  • PRICE: 135.490 @ 09:40 GMT Nov 19
  • SUP 1: 134.990 Low Nov 17
  • SUP 2: 134.700/320 Low Nov 11 / Low Nov 3
  • SUP 3: 133.900/690 Low Nov 2
  • SUP 4: 133.340 Low Mar 19 and key medium-term support (cont)

Bobl futures have resumed their upleg and the contract has traded through resistance at 135.320, Nov 15 high. This confirms a resumption of the short-term uptrend and opens135.540, Sep 21 high. The break higher also confirms an extension of the rally that started Oct 29 and scope is seen for a climb towards 135.650 further out. Initial firm support lies at 134.990, Nov 17 low ahead of the key short-term support at 134.700, Nov 11 low.

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