(H9) Big Break On Its Way *RES 4:........>

BOBL TECHS: (H9) Big Break On Its Way

*RES 4: 133.410 High May 29 (continuation chart) 

*RES 3: 133.400 Channel top (continuation chart) 

*RES 2: 133.080 High Jan 15 

*RES 1: 133.000 Down trendline resistance from Jan 15 high 

*PRICE: 132.880 @ 04:49 GMT Jan 30 

*SUP 1: 132.720/798 Up trendline support from Nov 2018 lows/21-dma 

*SUP 2: 132.610 Low Jan 18 

*SUP 3: 131.910 Low Dec 13 

*SUP 4: 131.200 Low Nov 8 

Bobl futures continue to trade in a contracting range between the rising 21dma

and the falling trendline resistance from the Jan 15. A break either way would

likely define the next major trend. An upside break above 133.00 would open the

Jan 15 high at 133.080 initially, ahead of a run at the spike high seen in May

on the continuation chart. On the downside, a break below 132.720/798 would

shift the outlook negative and suggest a run at the Jan 18 lows.