Technical forecast for BOBL

bobl4

Bobl held resistance at 125.86/88 but above here today meets 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.

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