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Free Access(Z9) Bearish pressure *RES 4: 136.880....>
BOBL TECHS: (Z9) Bearish pressure
*RES 4: 136.880 Contract high, Sep 3
*RES 3: 136.560 High Sep 5
*RES 2: 136.360 High Sep 9
*RES 1: 136.170 High Sep 10
*PRICE: 135.910 @ 02:59 GMT Sep 11
*SUP 1: 135.853 0.618 projection of Sep 3 - Sep 5 decline from Sep 9 high
*SUP 2: 135.736/730 Low Aug 7 / 50-day EMA
*SUP 3: 135.540 1.00 projection of Sep 3 - Sep 5 decline from Sep 9 high
*SUP 4: 135.730 Low Aug 7
Z9 Bobl bearish pressure continues to dominate. The key support at 136.02, Aug
22 low has been cleared. This undermines bullish sentiment further and signals
potential for a deeper correction near-term. Momentum studies are pointing south
too reinforcing the bearish theme. Note though that prices are approaching an
important area of support at 135.736, the 50-day EMA, and the 135.730 objective,
Aug 7 low. The outlook is bearish though below 136.36.
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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.