Free Trial

(Z1) Needle Points North

BOBL TECHS
  • RES 4: 136.14 High Aug 25
  • RES 3: 136.00 Round number resistance
  • RES 2: 135.870 High Sep 3
  • RES 1: 135.770 High Nov 30
  • PRICE: 135.410 @ 05:17 GMT Dec 1
  • SUP 1: 135.034/020 50-day EMA / Nov 24 low
  • SUP 2: 134.700 Low Nov 11
  • SUP 3: 134.320 Low Nov 3
  • SUP 4: 133.900/690 Low Nov 2

Bobl futures remain above 135.034, the 50-day EMA. The outlook remains bullish, following the break on Nov 19 of 135.320, the Nov 15 high. This confirmed a resumption of the short-term uptrend and has opened 135.870 next, Sep 3 high. The break also signals scope for a climb towards 136.00 and beyond. Key short-term support is at 135.020, Nov 24 low. A break would signal a potential top.

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.