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(M9) Bulls Target A Break Of 134 *RES....>

BOBL TECHS
BOBL TECHS: (M9) Bulls Target A Break Of 134
*RES 3: 134.890 High Feb 24, 2017
*RES 2: 134.030 High May 31
*RES 1: 134.000 Resistance
*PRICE: 133.980 @ 04:47 GMT May 31
*SUP 1: 133.530 Low May 24,27
*SUP 2: 133.513 21-dma
*SUP 2: 133.340 Low May 21
*SUP 3: 133.210 Low May 10
Bulls failed to force a close above 134.000 last week, but the early risk-off
flows seen this week have them threatening to push the contract above the
psychological resistance level. Above here, Friday's high of 134.030 provides
the next point of resistance. Bears look to take out 133.530 marking the May
24/27 lows. this would allow them to build some downside momentum towards the
21-dma/May 21 low.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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