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(H9) Bulls Find Some Support *RES 4:.....>
BOBL TECHS: (H9) Bulls Find Some Support
*RES 4: 133.410 High May 29 (continuation chart)
*RES 3: 133.320 High Feb 8
*RES 2: 133.014 21-dma
*RES 1: 132.920/862 High Feb 28/50-dma
*PRICE: 132.800 @ 04:17 GMT Mar 5
*SUP 1: 132.600 Low Mar 4
*SUP 2: 132.500 High Dec 7
*SUP 3: 132.460 Low Jan 9
*SUP 4: 131.910/987 Low Dec 13/200-dma
Bobl futures briefly dipped below Friday's low yesterday at 132.610 but a
rebound shortly followed giving bulls an opportunity to mount a reversal. Bulls
need to regain the Feb 28 high to improve the outlook while a break above the
21-dma at 133.014 would return the outlook positive and open the Feb 8 high at
132.320. On the downside yesterday's low at 132.600 is the focus with a break
below here opening the Dec 7 high at 132.500 and the Jan 9 low at 132.460.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.