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BOBL TECHS
  • RES 4: 121.000 Round number resistance
  • RES 3: 120.610 High Mar 20 and the bull trigger
  • RES 2: 119.170/120.130 High Mar 27 / 24
  • RES 1: 118.490 High Mar 28
  • PRICE: 118.170 @ 05:21 BST Mar 29
  • SUP 1: 117.920 Low Mar 23
  • SUP 2: 117.705/300 20-day EMA / Low Mar 22
  • SUP 3: 116.982 61.8% retracement of the Mar 6 - 20 rally
  • SUP 4: 116.370 Low Mar 15

Bobl futures traded lower Tuesday. Support at 117.300 remains intact, Mar 22 low. Note that an important pivot support lies at the 20-day EMA, at 117.751. A clear break of this EMA is required to signal scope for a deeper pullback. This would expose 116.982, a Fibonacci retracement. On the upside, a resumption of gains would refocus attention on 120.610, Mar 21 high and a bull trigger. Initial firm resistance is at 120.130, the Mar 24 high.

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