Free Trial

(Z17) 131.88-131.93 Resistance As........>

BOBL TECHS
BOBL TECHS: (Z17) 131.88-131.93 Resistance As Correction Unwinds
*RES 4: 132.06/14 Nov 8 high, 50% of 133.36-130.92
*RES 3: 131.97 Congestion area Nov 7-Nov 9
*RES 2: 131.93 76.4% Fibo of 132.06-131.52
*RES 1: 131.88 Nov 15 high
*PRICE: 131.71 @0726GMT
*SUP 1: 131.62 Nov 23 low
*SUP 2: 131.52 Nov 22 low
*SUP 3: 131.46 61.8% Fibo of 131.09-132.06
*SUP 4: 131.40 Equality fall from 131.88 to 132.06-131.58
*COMMENTARY* Has found some support from 131.52 over the last week or so, the
subsequent recovery looking to correct some of the recent losses from the
month's 132.06 high. Now looking to the 131.88-131.93 area for next resistance
but likely needing a move back above the higher 131.97 area, before renewed
confidence in the upside will appear. Meanwhile, support comes from above
131.62, loss would caution again.

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.