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(H3) Watching Support

BOBL TECHS
  • RES 4: 120.765 1.50 proj of the Nov 10 - 24 - 28 price swing
  • RES 3: 120.568 1.382 proj of the Nov 10 - 24 - 28 price swing
  • RES 2: 120.324 1.236 proj of the Nov 10 - 24 - 28 price swing
  • RES 1: 119.580/120.150 High Dec 9 / 6 and the bull trigger
  • PRICE: 118.820 @ 05:13 GMT Dec 15
  • SUP 1: 118.600 Low Dec 13
  • SUP 2: 118.500 Low Nov 29
  • SUP 3: 118.260 Low Nov 28 and key short-term support
  • SUP 4: 118.170 Low Nov 16

Bobl futures are consolidating closer to their recent lows. The trend condition is bullish and the latest pullback is still considered corrective. Moving average studies have crossed and highlight a bull mode condition. This signals a stronger reversal. The recent print above 120.130, Dec 2 high, signals a continuation of the uptrend and opens 120.324, a Fibonacci projection. Key support to watch is at 118.260, the Nov 28 low.

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