Bobl: Signs Point To A Top
Jason Sen | Feb 06, 2014 02:58AM ET
Bobl unexpectedly spiked higher beating 126.90 but topped at 126.99 leaving quite a negative candle and an indication that we have topped. Immediate support is 126.65 but below 126.60 is more negative and targets 126.45/43. If this does not hold the downside we should find good support at 126.32/27 and a bounce from here.
If we can hold on to 12.65 we could recover a little to 126.82/84 area. Above here resistance at the 126.96/99 high this week is a selling opportunity with stops above 127.11.
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