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(H1) Resumes Its Upleg

BOBL TECHS
  • RES 4: 135.758 1.382 proj of Nov 11 - 30 rally from Dec 2 low
  • RES 3: 135.675 1.236 proj of Nov 11 - 30 rally from Dec 2 low
  • RES 2: 135.540 1.00 proj of Nov 11 - 30 rally from Dec 2 low
  • RES 1: 135.480 High Dec 7
  • PRICE: 135.440 @ 05:01 GMT Dec 8
  • SUP 1: 135.230 Low Dec 4
  • SUP 2: 134.970 Low Dec 2 and the bear trigger
  • SUP 3: 134.870 Low Nov 11
  • SUP 4: 134.735 123.6% retracement proj of the N0v 11 - 30 rally

BOBL futures are firmer and traded higher yesterday. Gains Monday resulted in a break of resistance at 135.440, Nov 30 higher. This has negated the recent bearish focus and instead has confirmed a resumption of the bullish leg that started Nov 11. The break higher paves the way for a climb towards 135.540 next, a Fibonacci projection. On the downside, key support has been defined at 134.970, Dec 2 low.

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