MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z2) Corrective Bounce

BOBL TECHS
  • RES 4: 121.950 High Oct 4 and the bull trigger
  • RES 3: 121.330 High Oct 5
  • RES 2: 119.960 High Oct 14 and a key resistance
  • RES 1: 119.365 20-day EMA
  • PRICE: 118.940 @ 05:30 BST Oct 25
  • SUP 1: 117.630 2.50 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 2: 117.342 2.618 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 3: 117.000 Round number support
  • SUP 4: 116.410 3.00 proj of the Aug 25 - Sep 1 - Sep 6 price swing

Bobl futures traded higher Monday. The trend remains down and gains are considered corrective. Last week’s move lower cleared support and the bear trigger at 118.020, Sep 28 low. The break confirms a resumption of the primary downtrend and marks an extension of the price sequence of lower lows and lower highs. This opens 117.630, a Fibonacci projection. On the upside, key short-term resistance is at 119.960, the Oct 14 high.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.