Free Trial

(Z2) Trading Above Support

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: 120.530 High Nov 10
  • PRICE: 119.330 @ 05:22 GMT Nov 15
  • SUP 1: 119.110/118.260 Low Nov 10 / 8 and key short-term support
  • SUP 2: 117.630 Low Oct 21 and the bear trigger
  • SUP 3: 117.342 2.618 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 4: 116.986 2.764 proj of the Aug 25 - Sep 1 - Sep 6 price swing

Bobl futures continue to trade below last week’s highs. The rally last week resulted in a test above the 50-day EMA at 120.280. A clear break of this EMA would undermine the recent bearish theme and expose 121.010, the Oct 28 high and potentially 121.950 further out, the Oct 4 high. On the downside, a break of 118.260, Nov 8 low is required to highlight a resumption of bearish activity.

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.