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(H3) Watching Support

BOBL TECHS
  • RES 4: 119.310 High Dec 14
  • RES 3: 119.086 76.4% retracement of the Dec 7 - Jan 2 downleg
  • RES 2: 118.880 High Jan 19 and the bull trigger
  • RES 1: 118.320 High Jan 25 and a key near-term resistance
  • PRICE: 117.570 @ 05:22 GMT Jan 27
  • SUP 1: 117.510 Low Jan 23 / 24
  • SUP 2: 117.170 Low Jan 11
  • SUP 3: 116.950 Low Jan 10
  • SUP 4: 116.740 Low Jan 6

Bobl futures have recently tested support at 117.560, the Jan 16 low. A clear breach of this level would threaten a bullish theme and suggest potential for a deeper pullback and expose 117.260, a Fibonacci retracement point. Initial firm resistance has been defined at 118.320, the Jan 25 high. For bulls, a break would be a positive development and attention would turn to the bull trigger at 118.880, Jan 19 high.

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