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Free Access(M9) Rally Extends *RES 3: 134.890.......>
BOBL TECHS: (M9) Rally Extends
*RES 3: 134.890 High Feb 24, 2017 (continuation chart)
*RES 2: 133.800 Channel top
*RES 1: 133.700 Inverse head and shoulders target
*PRICE: 133.440 @ 04:57 GMT May 15
*SUP 1: 133.210 Low May 10
*SUP 2: 132.930/133.021 Low May 7/21-dma
*SUP 3: 132.760/775 Low Apr 30/55-dma
*SUP 4: 132.641 Low Apr 17
Bobl futures posted fresh rally highs yesterday and remain on the front foot
today as the next upside target marking the inverse head and shoulders measured
move comes into focus at 133.700. A break above here would open channel top
resistance at 133.800. On the downside bears target the 21-dma/May 7 low at
133.012/132.930. Below here would open the April 30 low/55-dma at 132.760/775.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.