BOBL TECHS: (Z5) Continues To Appreciate

Oct-16 05:23

* RES 4: 119.000 Round number resistance * RES 3: 118.818 61.8% of the Apr 7 - Aug 15 bear leg (cont...

Historical bullets

LOOK AHEAD: UK Timeline of Key Events (Times BST)

Sep-16 05:23
DateTimePeriodEvent
16-Sep0700Jul/AugLabour Market Report
17-Sep0700AugConsumer inflation report
18-Sep1200---Bank Of England Interest Rate
19-Sep0001SepGfk Monthly Consumer Confidence
19-Sep0700AugPublic Sector Finances / Retail Sales
22-Sep1330---BOE Pill At BIS-ECB-SUERF Workshop
22-Sep1900---BOE Bailey Fireside Chat On Supervision
23-Sep0930SepS&P Global Manuf / Services / Compmosite PMI (p)
23-Sep1000---BOE Pill At Pictet Research Institute Symposium
23-Sep1100SepCBI Industrial Trends
24-Sep0001AugBrightmine pay deals for whole economy
24-Sep1730---BOE Greene On Supply Shocks and MonPol
25-Sep1100SepCBI Distributive Trades
29-Sep0930AugBOE Lending to Individuals / M4
30-Sep0001SepBRC Monthly Shop Price Index
30-Sep0700Q2GDP 2nd Est / Quarterly current account balance
01-Oct0930SepS&P Global Manufacturing PMI (Final)
02-Oct0930SepDecision Maker Panel data

BOBL TECHS: (Z5) Monitoring Support

Sep-16 05:20
  • RES 4: 118.635 1.500 proj of the Aug 25 - 28 - Sep 2 price swing     
  • RES 3: 118.561 1.382 proj of the Aug 25 - 28 - Sep 2 price swing  
  • RES 2: 118.469 1.236 proj of the Aug 25 - 28 - Sep 2 price swing 
  • RES 1: 118.020/400 High Sep 12 / High Sep 8 and 10 
  • PRICE: 117.840 @ 06:00 BST Sep 16
  • SUP 1: 117.760 Low Sep 4    
  • SUP 2: 117.690 Low Sep 2    
  • SUP 3: 117.630 Low Aug 25  and a key short-term support   
  • SUP 4: 117.481 123.6% retracement projection of Aug 25 - 28 rally  

Bobl futures have pulled back from their recent highs. The contract recently breached resistance at 118.260, the Aug 28 high. A break of this level does undermine a recent bearish theme and a resumption of gains would signal scope for a recovery towards 118.469, a Fibonacci projection. On the downside, the latest pullback has exposed support at 117.690, the Sep 2 low. A break of this level would reinstate a bearish theme.

LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)

Sep-16 05:18
DateTimeCountryEvent
16-Sep0900ITHICP (f)
16-Sep1000DEZEW Current Expectations Index
16-Sep1000EUEZ Industrial Production
17-Sep0830EUECB Lagarde at ECB Annual Research Conference
17-Sep0900EUECB Cipollone At ABI EC Meeting
17-Sep1000EUEZ HICP Final
17-Sep1215EUECB Cipollone at NL Central Bank Resilience Conference
18-Sep0810EUECB Lagarde Video Message at Women Leadership Summit
18-Sep0900EUEZ Current Account / ECB de Guindos MNI Connect
18-Sep1000EUEZ Construction Output
18-Sep1045EUECB Schnabel Chairs Panel at ECB Research Conference
19-Sep0700DEPPI
19-Sep0745FRManufacturing Sentiment
19-Sep1105EUECB Lagarde and Cipollone at Eurogroup ECOFIN Meeting
22-Sep1445EUECB Lane At BIS-ECB-SUERF Workshop
22-Sep1500EUConsumer Confidence Indicator (p)