Free Trial

(Z18) 131.00 Acting As Support *RES 4:...>

BOBL TECHS
BOBL TECHS: (Z18) 131.00 Acting As Support
*RES 4: 132.200 Double bottom target 
*RES 3: 131.850 High Aug 17 
*RES 2: 131.670 High Sep 3 
*RES 1: 131.440 High Sep 6 
*PREVIOUS CLOSE: 131.070 
*SUP 1: 131.000 Support 
*SUP 2: 130.700 Low Oct 16 
*SUP 3: 130.520 Low Oct 12 
*SUP 4: 130.260 Low Oct 5 
The 131 level held on a closing basis on Friday which keeps the positive trend
intact for now with bulls looking to take out the 131.430 high seen on Friday to
return the focus to the double bottom formation and the the Sep 6 high at
131.440 to build further upside momentum. Bears look to close below 131.000 to
shift the focus lower to the Oct 12 lows at 130.520. 

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.