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(H3) Trading At Its Recent Lows

BOBL TECHS
  • RES 4: 119.230 High Dec 15
  • RES 3: 118.330 20-day EMA
  • RES 2: 118.260 Low Nov 28 and a recent breakout point
  • RES 1: 117.720 High Dec 16
  • PRICE: 116.8700 @ 05:18 GMT Dec 22
  • SUP 1: 116.800 Low Dec 21
  • SUP 2: 116.773 1.764 proj of the Dec 7 - 12 - 13 price swing
  • SUP 3: 116.410 2.00 proj of the Dec 7 - 12 - 13 price swing
  • SUP 4: 116.047 2.236 proj of the Dec 7 - 12 - 13 price swing

Bobl futures remain bearish following the recent sharp sell-off that resulted in a break of support at 118.260, the Dec 13 low. Price is trading at its recent lows and this week’s move lower has reinforced the bearish threat. The extension signals scope for 116.773 next, a Fibonacci projection. On the upside, initial firm resistance is seen at 118.260, the recent breakout level. The 20-day EMA intersects at 118.330.

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