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(M4) Support Remains Exposed

BOBL TECHS
  • RES 4: 119.050 High Feb 8
  • RES 2: 118.790 High Feb 15 and Mar 8 and the bull trigger
  • RES 3: 118.460 High Mar 12
  • RES 1: 118.310 High Mar 27
  • PRICE: 117.540 @ 05:23 GMT Apr 9
  • SUP 1: 117.340 Low Mar 18
  • SUP 2: 117.200 Low Feb 29 and the bear trigger
  • SUP 3: 117.000 Round number support
  • SUP 4: 116.740 High Mar 5 (cont)

Bobl futures traded lower Monday and the contract remains below its recent highs. Key support to watch lies at 117.200, the Feb 29 low and bear trigger. Clearance of this level would confirm a continuation of the downtrend that started early December last year. The recovery between Mar 18 - 27, appears to be a correction. A break of 118.310, the Mar 27 high, would expose key resistance at 118.790, the Feb 15 / Mar 8 high.

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