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(H2) Remains Above Support
- RES 4: 135.126 1.382 pro of the Nov 11 - 22 - 23 price swing
- RES 3: 134.978 1.236 pro of the Nov 11 - 22 - 23 price swing
- RES 2: 134.740 1.00 pro of the Nov 11 - 22 - 23 price swing
- RES 1: 134.530 High Nov 30 and the bull trigger
- PRICE: 134.200 @ 05:17 GMT Dec 14
- SUP 1: 133.710 Low Dec 8
- SUP 2: 133.610 Low Nov 16
- SUP 3: 133.410 Low Nov 11 and a key support
- SUP 4: 133.200 Low Nov 3
Bobl futures remain above recent lows. The contract traded sharply lower Dec 8 but also managed to recover from that day's low. The contract also probed support at 133.730, Nov 23 low. A clear breach of level would strengthen a bearish case and open 133.410, the Nov 11 low. A recovery would instead refocus attention on 134.530, Nov 30 high and the bull trigger. Clearance of this hurdle would confirm a resumption of the recent uptrend.
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