Technical Forecast for BOBL

Bobl topped just below resistance up to 126.00/06 & our selling opportunity. We fell back to support at 125.69/67 which was expected to hold the downside & bottomed just below at 125.63.

 

Be ready to go with a break below 125.63 for 125.38/33 & a buying opportunity. Exit shorts & try longs with stops below 125.21 as we can then target 125.01/96.

 

Resistance up to 125.95/02 for a selling opportunity once again. We need stops above 126.10 however for a test of the 100 day moving average at 126.19 & last week’s high of 126.24. Stops on shorts above the 200 day moving average at 126.35.