Technical forecast for BOBL

bobl1

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.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More