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Bobl December contract Daily Forecast - 13 September 2013Bobl beat 123.04/07 reaching 123.21/23 but topped at 123.30. We are overbought short term & could hit profit taking today after the small intraday double top formation yesterday. If we hold below 123.13 look for good support at 123.03/02 but failure risks a slide to 122.94 & even 122.86/83 is not out of the question. Above 123.13 could trigger a retest of 123.30. A break higher could target 123.39 then 123.45/47. We should struggle & a high for the day likely but any further gains meet resistance at 123.57/59.
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