Free Trial

(Z17) 55-DMA Supporting *RES 4: 131.32...>

BOBL TECHS: (Z17) 55-DMA Supporting
*RES 4: 131.32 Low Sept 14 now resistance 
*RES 3: 131.27 High Sept 20 
*RES 2: 131.20 Hourly support Sept 20a now resistance 
*RES 1: 131.16 High Sept 22
*SUP 1: 131.05 Hourly support Sept 21
*SUP 2: 130.96 55-DMA
*SUP 3: 130.90 Low Aug 16
*SUP 4: 130.68 Low Aug 3
*COMMENTARY: The sell-off from 131.98 is finding support at the 55-DMA and ahead
of the key 130.90 support. Bears continue to look for a close below 130.90 to
confirm a break of the 55-DMA, ending bullish hopes and shifting immediate focus
to 130.53-68. O/S studies and the Bollinger base (130.99) are key concerns for
bears. Bulls need a close above 131.20 to gain breathing room and above 131.32
to shift focus to 131.48-64.

To read the full story



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.