Bobl traded higher on the open the low was 125.46 this is now support then 125.34 which is on the rising trend line on Friday. It is still looking bearish on the daily charts the stochastics are giving an over bought signal and have crossed at 80% and the 60 mins charts are neutral however the 240 mins are indicating and a slightly oversold scenario, so we look for a small correction but sell into strength.
If we can climb above yesterdays high of 125.66 this leaves scope for 125.73 which is a double top on the 240 min charts the next target will be 125.80 this is 100% fib level from the 17th sept we will then look to trade higher 125.93 before 125.99/00. Above here targets Aug highs for the Dec contract at 126.13 for attempting shorts with stop above 126.24.
The article was first published by CharmerCharts