Free Trial

(Z9) Happy To Consolidate *RES 4:........>

BOBL TECHS
BOBL TECHS: (Z9) Happy To Consolidate
*RES 4: 136.020 Low Aug 22
*RES 3: 135.980 50.0% retracement of Sep 3 - Sep 13 decline
*RES 2: 135.768 38.2% retracement of Sep 3 - Sep 13 decline
*RES 1: 135.680 High Sep 27 and 30
*PRICE: 135.590 @ 03:37 GMT Oct 3
*SUP 1: 135.370 Low Sep 24
*SUP 2: 135.150 Low Sep 23
*SUP 3: 135.080 Low Sep 13 and bear trigger
*SUP 4: 135.033 1.618 projection of Sep 3 - Sep 5 decline from Sep 9 high
Z9 Bobl remains unchanged for now with activity trading sideways. A break of
135.680, Sep 27 high is required to provide an early bullish signal paving the
way for strength towards 135.768, 38.2% retracement of Sep 3 - Sep 13 decline.
The 50% level is at 135.980 and would be an objective if the first retracement
is cleared. On the downside, sub 135.370 levels would instead suggest the bear
trend is resuming. The key bear trigger is lower at 135.08, Sep 13 low.

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.