Free Trial

(Z2) Bullish Price Activity

BOBL TECHS
  • RES 4: 121.950 High Oct 4 and a reversal trigger
  • RES 3: 121.330 High Oct 5
  • RES 2: 121.010 High Oct 28 and a bull trigger
  • RES 1: 120.700 High Nov 24
  • PRICE: 120.300 @ 05:28 GMT Nov 25
  • SUP 1: 119.715 20-day EMA
  • SUP 2: 119.180 Low Nov 14
  • SUP 3: 118.710 Low Nov 9
  • SUP 4: 118.260 Low Nov 8 and a key support

Bobl futures traded higher Thursday, piercing resistance at 120.530, the Nov 10 high. The outlook remains bullish and note that the contract is also trading just above the 50-day EMA, at 120.186 today. A clear breach of this EMA would strengthen bullish conditions and expose 121.010, the Oct 28 high and potentially 121.950 further out, Oct 4 high. On the downside, key short-term support has been defined at 119.180, the Nov 14 low.

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.