Technical forecast for BOBL

Bobl held 125.53 for the second day with today’s outlook more positive. Resistance at 125.86/88 then a trend line at 125.95/98. We could see a high for the day here so exit longs & try shorts with stops above 126.05. Be ready to buy in to longs on a break higher for a target of 126.19/24.

Immediate support is 125.69/66 but below here a retest of the 100 week moving average at 125.54/53 offers a buying opportunity & a low for the day expected again. Stops on longs below 125.48 for good support at 125.38/34 & another buying opportunity today.