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Bobl: Important Support Today

Published 02/20/2014, 04:11 AM
Updated 07/09/2023, 06:31 AM

Bobl Weekly Chart

Bobl managed to retest the 126.96/99 February highs, and then pull back sharply. This has left a negative double top pattern and could lead to a test of support at 126.65. Below 126.60 then sees this week's low of 126.51 before last week's low of 126.44/41. A break lower this week should then retest 126.32/28 February lows and important support today.

Immediate resistance at 126.83/84 but above here we could retest 126.96/99. A break higher today is more positive but runs in to Fibonacci resistance at 127.11.

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