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Free Access(Z18) Weakness Intensifying *RES 4:......>
BOBL TECHS: (Z18) Weakness Intensifying
*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: 130.870
*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
The Aug 2 lows at 130.560 are coming into focus following another down day for
Dec-18 Bobl futures yesterday. Below here would suggest a large topping pattern
has been triggered, shifting the medium-term outlook bearish. 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.
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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.