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(Z2) Remains Above Support

BOBL TECHS
  • RES 4: 122.510 High Sep 12
  • RES 3: 121.950 High Oct 4 and the bull trigger
  • RES 2: 121.010/330 High Oct 28 / 5
  • RES 1: 120.420 High Nov 1
  • PRICE: 119.840 @ 05:18 GMT Nov 2
  • SUP 1: 119.090 Low Oct 27
  • SUP 2: 118.430 Low Oct 24
  • SUP 3: 117.630 2.50 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 4: 117.342 2.618 proj of the Aug 25 - Sep 1 - Sep 6 price swing

Bobl futures maintain a short-term bullish tone, despite the recent pullback from 121.010, the Oct 28 high. A bullish theme follows the recent climb from 117.630, Oct 21 low and a Fibonacci retracement. A key short-term resistance at 119.960, the Oct 14 high, has been cleared, strengthening a bullish condition and this signals scope for 121.330, the Oct 5 high, ahead of 121.950, the Oct 4 high. Initial support is seen at 119.090, the Oct 27 low.

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