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(M1) Probing Key Resistance

BOBL TECHS
  • RES 4: 135.700 High Dec 11 (cont)
  • RES 3: 135.580 High Feb 11
  • RES 2: 135.270 Low Feb 8
  • RES 1: 135.240 Intraday high
  • PRICE: 135.220 @ 05:08 GMT Mar 22
  • SUP 1: 135.010 Low Mar 19
  • SUP 2: 134.870 Low Mar 18
  • SUP 3: 134.780 Low Mar 8 and 9
  • SUP 4: 134.690 61.8% retracement of the Feb 26 - Mar 22 high

Bobl futures are firmer today and resistance at 135.220, Mar 16 high has been probed. A clear break would end the recent period of consolidation and confirm a resumption of the recovery that started Feb 26. This would pave the way for strength towards 135.270 initially, Feb 8 low. Initial firm support has been defined at 134.870, Mar 18 low where a break is required to reinstate a bearish theme.

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