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(Z3) Heading North

BOBL TECHS
  • RES 4: 118.00 Round number resistance
  • RES 3: 117.751 1.618 proj of the Sep 28 - Oct 10 - 19 price swing
  • RES 2: 117.610 High Sep 1 and a key resistance
  • RES 1: 117.560 1.50 proj of the Sep 28 - Oct 10 - 19 price swing
  • PRICE: 117.500 @ 05:36 GMT Nov 29
  • SUP 1: 116.840 Low Nov 28
  • SUP 2: 116.591 20-day EMA
  • SUP 3: 116.260 Low Nov 27 and key support
  • SUP 4: 116.000 Low Nov 13

A bull cycle in Bobl futures remains in play and this week’s strong rally has reinforced this theme. The contract has cleared resistance at 117.230, the Nov 17 high, to confirm a resumption of the uptrend that started on Sep 28. The break higher paves the way for a move to 117.610, the Sep 1 high and a key resistance. On the downside, key support has been defined at 116.260, the Nov 27 low.

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