Free Trial

(Z17) 131.88-131.97 Resistance After.....>

BOBL TECHS
BOBL TECHS: (Z17) 131.88-131.97 Resistance After 131.57 Support Holds
*RES 4: 132.43 61.8% Fibo of 133.36-130.92
*RES 3: 132.06/14 Nov 8 high, 50% of 133.36-130.92
*RES 2: 131.97 Congestion area Nov 7-Nov 9
*RES 1: 131.88 Hourly high Nov 9
*PRICE: 131.79 @1340GMT
*SUP 1: 131.65 Hourly support
*SUP 2: 131.57 Hourly base Oct 27, 50% of 131.09-132.06
*SUP 3: 131.46 61.8% Fibo of 131.09-132.06
*SUP 4: 131.32 76.4% Fibo of 131.09-132.06
*COMMENTARY* Last Wednesday's bearish 'shooting star' candle close has been
responsible for a 132.06-131.57 pullback. This basically in line with a 50%
retrace of the previous gains from the Oct 25 low at 131.09. Has subsequently
encountered some near term oversold conditions and this has accordingly allowed
a bounce. In this respect, look to 131.88-131.97 for next resistance. Interim
support now from above 131.65.

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.