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Free Access(Z18) Nov 15 Highs Holding For Now.......>
BOBL TECHS: (Z18) Nov 15 Highs Holding For Now
*RES 4: 133.410 High May 29
*RES 3: 132.610 High Aug 17 (continuation chart)
*RES 2: 132.200 Double bottom target
*RES 1: 131.850 High Aug 17
*PREVIOUS CLOSE: 131.730
*SUP 1: 131.520 Low Nov 19
*SUP 2: 131.070 55-dma
*SUP 3: 130.900 Low Oct 22
*SUP 4: 130.520 Low Oct 12
Dec-18 Bobl futures were unable to break above their Aug 17 highs at 131.850
yesterday but the bullish trend remains intact. Bears need to close below
Monday's low at 131.520 to allow a push back below the 55-dma 131.070. Below
here would re-establish the bearish trend and target the Oct 22 low at 130.900.
On the upside, a break above 131.850 would bring the double bottom target area
of 132.200 into focus ahead of a return to the May 29 spike high.
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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.