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(M0) Trades Above Initial Resistance.....>

BOBL TECHS: (M0) Trades Above Initial Resistance
*RES 4: 136.041 61.8% retracement of the Mar 9 - 19 decline
*RES 3: 135.740 Low Mar 13
*RES 2: 135.640 High Mar 30 and key resistance
*RES 1: 135.490 High Apr 29
*PRICE: 135.370 @ 04:54 BST Apr 30
*SUP 1: 135.010 Low Apr 28
*SUP 2: 134.770 Low Apr 23 and key near-term support
*SUP 3: 134.510 Low Apr 14
*SUP 4: 134.380 Low Apr 9 and key support
Bobl futures edged higher Wednesday trading above 135.39, Apr 21 high. This
reinforces a bullish tone with further gains likely. The contract found support
on Apr 23 at 134.770 and remains bullish while this level holds. A positive
theme follows the recent recovery off 134.380, Apr 9 low. Attention is on the
Apr 30 high of 135.640 where a break would confirm a resumption of the recovery
since Mar 19. Sub 134.770 levels would undermine the bullish tone.

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