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(H1) June 2020 Lows in View

BOBL TECHS
  • RES 4: 135.150 High Feb 11 and key resistance
  • RES 3: 134.850 High Feb 15
  • RES 2: 134.790 Low Feb 5 and Feb 18 high
  • RES 1: 134.673 20-day EMA
  • PRICE: 133.960 @ 05:06 GMT Feb 26
  • SUP 1: 133.800 Intraday low
  • SUP 2: 133.790 Low Jun 5, 2020 (cont)
  • SUP 3: 133.775 50.0% retracement of the 2018 - 2020 rally
  • SUP 4: 133.340 Low March 19 2020

The bearish cycle in Bobl futures continued Thursday, with markets edging through all nearby support to open a move toward the 2020 lows. A break through here (133.790) would be resolutely negative and cement the current downtrend toward levels not seen since H1 2019. Initial resistance is seen at 134.790. The Feb 11 high of 135.150 marks the key trend resistance.

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