March Bobl Reaches Next Target Of 126.94, Tops At 126.95

Published 01/10/2013, 12:27 AM
Bobl
March Bobl made it to the next target of 126.94 where we advised exiting any remaining longs here and selling in to shorts, looking for a move back to 126.75/72. We topped at 126.95 and hope to see 126.75/72 today.

126.94 remains good resistance today and it is worth attempting shorts with a stop loss above 127.00 for 127.12, possibly tough resistance at 127.29/30.

Support at 126.72 as stated but downside pressure is expected into the end of the week and so below 126.68 we need to exit any longs and in to shorts looking for 126.51. Below here we should test last week’s low at 126.37

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.