Bobl : Beats All Time High
Jason Sen | Jun 26, 2014 02:28AM ET
Bobl higher as expected and beat all time highs for the September contract at 128.09 to top at 128.14. Severely overbought short term now but a drift lower is a buying opportunity in this strong bull trend. Immediate support is 128.04 but below here a buying opportunity at 127.99/98. However if prices continue lower look for the next buying opportunity at 127.92/90 with stops below 127.88.
Picking tops in such a bull trend in never wise even when severely overbought. Above 128.09 targets yesterday's high at 128.14. We should struggle here but a break higher is more positive again and targets 128.23 with all time highs then at 128.34.
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