DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z2) Corrective Bounce Extends

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: 119.830 High Oct 26
  • PRICE: 119.680 @ 05:02 BST Oct 27
  • SUP 1: 118.430 Low Oct 24
  • SUP 2: 117.630 2.50 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 3: 117.342 2.618 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 4: 116.410 3.00 proj of the Aug 25 - Sep 1 - Sep 6 price swing

Bobl futures maintain a short-term bullish tone and a corrective cycle remains in play. The contract has breached the 20-day EMA and attention is on key short-term resistance at 119.960, Oct 14 high. Clearance of this level would strengthen bullish conditions and open 121.330, the Oct 5 high. Key support has been defined at 117.630, the Oct 21 high and a Fibonacci projection. A break of this level would confirm a resumption of the primary downtrend.

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.