Free Trial

(Z17) 78.4% Fibo Retrace At 131.76.......>

BOBL TECHS
BOBL TECHS: (Z17) 78.4% Fibo Retrace At 131.76 Keeps Lid On Recovery
*RES 4: 132.19 0.5% volatility band
*RES 3: 131.91 8 week bull channel top projection
*RES 2: 131.76 Aug 29 high, 76.4% Fibo of 132.39-129.72
*RES 1: 131.68 Hourly resistance
*PRICE: 131.67 @1128GMT
*SUP 1: 131.49/53 Hourly support
*SUP 2: 131.42 Sep 1 low
*SUP 3: 131.37 8 week rising support line, Aug 28 low
*SUP 4: 131.27 Aug 25 low
*COMMENTARY* Last week's rally to 131.76 coincided with a 76.4% Fibo retrace of
the preceding 132.39-129.72 fall, seen between April-July this year. The
subsequent setback is near term corrective, all the while that support from
above 131.37 remains intact. Will need to build on this, if a fresh challenge to
131.76 is to follow. Through here and the natural attraction will be the top of
the 8 week bull channel projection.

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.