Bobl: Outlook Quite Positive
Jason Sen | Mar 24, 2014 04:11AM ET
Euro BOBL recovery reached resistance at 125.04 and held here. We should struggle here again today with the outlook quite negative, but if we push higher look for 125.11 then a selling opportunity 125.18. If, however, we reach as far as 125.27/29, perhaps later in the week we should run in to heavy selling pressure.
Immediate support is Friday's low at 124.92/91 then last week's low at 124.82/77 could hold the downside. However if we continue lower we risk a test of February lows at 124.68.
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