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(Z2) Testing The 50-Day EMA
- 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: 120.170 @ 05:06 GMT Nov 30
- SUP 1: 119.390 Low Nov 28
- 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 have recently pierced resistance at 120.530, the Nov 10 high. The outlook is bullish, despite the latest pullback and attention is on the 50-day EMA, at 120.157. A clear breach of this average would strengthen bullish conditions and expose 121.010, the Oct 28 high and potentially 121.950 further out, the Oct 4 high. On the downside, key short-term support has been defined at 119.180, the Nov 14 low.
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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.