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(M3) Approaching A Key Support

BOBL TECHS
  • RES 4: 120.610 High Mar 20 and the bull trigger
  • RES 3: 120.130 High Mar 24
  • RES 2: 119.307 61.8% retracement of the Mar 20 - 31 downleg
  • RES 1: 118.420/119.190 High Apr 11 / High Mar 27
  • PRICE: 117.590 @ 05:28 BST Apr 13
  • SUP 1: 117.330/200 Low Apr 12 / Low Mar 31 and a key support
  • SUP 2: 116.982 61.8% retracement of the Mar 6 - 20 rally
  • SUP 3: 116.370 Low Mar 15
  • SUP 4: 116.125 76.4% retracement of the Mar 6 - 20 rally

Bobl futures traded lower again Wednesday. For now, the contract remains above support at 117.200, the Mar 31 low. A break of this level would threaten a recent bullish theme and open 116.982, a Fibonacci retracement. For bulls, a resumption of gains would refocus attention on 119.190, the Mar 27 high and a trigger for a stronger short-term climb - this would open 119.307, a Fibonacci retracement.

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