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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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(M1) Off Recent Highs

  • RES 4: 135.700 High Dec 11, 2020 (cont)
  • RES 3: 135.544 0.764 proj of the Feb 26 - Mar 3 - Mar 9 price swing
  • RES 2: 135.520 High Mar 25
  • RES 1: 135.440 High Mar 29
  • PRICE: 135.150 @ 05:20 GMT Mar 30
  • SUP 1: 135.140 Low Mar 22
  • SUP 2: 135.010 Low Mar 22
  • SUP 3: 134.870 Low Mar 19 and key short-term support
  • SUP 4: 134.780 Low Mar 8 and 9

Bobl futures are lower and appear likely to extend the current retracement. An extension lower would expose support at 134.870, Mar 18 low where a break would strengthen a bearish argument and suggest scope for a deeper pullback. This would open 134.780 and potentially below. On the upside, key resistance has been defined at 135.520, Mar 25 high. A break of this level is required to reinstate the recent bull cycle.

MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

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