Free Trial

(Z18) Lower Lows Continue *RES 4:........>

BOBL TECHS
BOBL TECHS: (Z18) Lower Lows Continue
*RES 4: 131.940 High Aug 17 
*RES 3: 131.670 High Sep 3 
*RES 2: 131.440 High Sep 6 
*RES 1: 131.200 High Sep 12 
*PREVIOUS CLOSE: 130.990 
*SUP 1: 130.560 Low Aug 2 
*SUP 2: 130.330 Low Jun 11 
*SUP 3: 130.080 Low May 15 
*SUP 4: 130.020 Low Apr 25 
Lower lows continue to be registered in Dec-18 Bobl futures keeping the bears
firmly in control. The Aug 2 low at 130.56 remains the next downside target and
represents a key support area, with a break below here suggesting a large
topping pattern would be triggered. Bulls need to recover the Sep 12 high of
131.200 to gain some breathing room and stabilize the near term outlook. A rally
above the Sep 6 high at 131.440 would return the focus to the Sep 3 high.

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.