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(H4) Pierces The 20-Day EMA

BOBL TECHS
  • RES 4: 119.640 High Jan 4
  • RES 3: 119.00 Round number resistance
  • RES 2: 118.590 High Jan 12 and a key short-term resistance
  • RES 1: 118.100 Intraday high
  • PRICE: 118.070 @ 05:35 GMT Jan 26
  • SUP 1: 117.280 Low Jan 24
  • SUP 2: 117.060 Low Dec 1
  • SUP 3: 117.000 Round number support
  • SUP 4: 116.830 Low Nov 29

A bearish cycle in Bobl futures remains intact and the latest recovery appears to be a correction - for now.. The recent breach of support at 117.800, the Dec 8 low, highlights potential for a continuation lower, exposing 117.060, the Dec 1 low, On the upside, the contract has pierced resistance at the 20-day EMA at 118.009. A continuation higher would expose firm resistance at 118.590, the Jan 12 high.

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