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(H4) Resumes Its Uptrend

BOBL TECHS
  • RES 4: 119.320 3.50 proj of the Sep 28 - Oct 10 - 19 price swing
  • RES 3: 119.202 3.382 proj of the Sep 28 - Oct 10 - 19 price swing
  • RES 2: 119.056 3.236 proj of the Nov 14 - 17 - 24 price swing
  • RES 1: 119.000 Round number resistance
  • PRICE: 118.920 @ 06:23 GMT Dec 14
  • SUP 1: 118.480 High Dec 7 and a recent breakout level
  • SUP 2: 117.910 Low Dec 13
  • SUP 3: 117.800 Low Dec 8 and a key support
  • SUP 4: 117.239 20-day EMA

A bull cycle in Bobl futures remains in play and the latest recovery is a positive development. Key short-term resistance at 118.480 has been cleared, Dec 7 high,resuming the uptrend. This maintains the bullish price sequence of higher highs and higher lows and opens the 119.00 handle next and 119.056, a Fibonacci projection. On the downside, key short-term support has been defined at 117.800, the Dec 8 low.

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