Free Trial

(Z17) 131.76-131.71 Provides Support.....>

BOBL TECHS
BOBL TECHS: (Z17) 131.76-131.71 Provides Support To Recent Gains
*RES 4: 132.43 61.8% Fibo of 133.36-130.92
*RES 3: 132.29 0.5% volatility band
*RES 2: 132.17 1.618 swing of 131.76-131.09
*RES 1: 131.98 Sep 8 high, 1.618 swing of 131.85-131.64
*PRICE: 131.91 @1255GMT
*SUP 1: 131.71/76 Hourly support
*SUP 2: 131.64 Nov 2 low
*SUP 3: 131.49 Hourly base Oct 26
*SUP 4: 131.29 Oct 25 high, now support
*COMMENTARY* Following on from the break above 131.85 last week, now reaching up
towards the Sep 8 high at 131.98. This also the swing target of the most recent
131.85-131.64 fall. As a result, support also on the move, now from
131.76-131.71 and ideally the latter should now hold, if further gains are to
follow at this juncture. Directly through 131.98 and another swing target at
132.17, this time of the earlier 131.76-131.09 decline, is next.

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.