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(M1) Approaching Its 20-day EMA

BOBL TECHS
  • RES 4: 135.440 High Mar 29
  • RES 3: 135.350 High Apr 8 and key near-term resistance
  • RES 2: 135.180 High Apr 14
  • RES 1: 135.051 20-day EMA
  • PRICE: 135.030 @ 05:20 BST Apr 22
  • SUP 1: 134.870 Low Apr 21
  • SUP 2: 134.660 Low Apr 20 and intraday bear trigger
  • SUP 3: 134.446 76.4% retracement of the Feb 26 - Mar 25 rally
  • SUP 4: 134.140 Low Feb 26 and key support

Bobl futures are firmer and recovering from lows earlier this week. The contract is approaching its 20-day EMA at 135.051. Clearance of this average would strengthen a short-term bullish theme and pave the way for strength towards 135.180, Apr 14 high. A key short-term support has been defined at 134.660, Apr 20 low. A break is required to reinstate the recent bearish focus.

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