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(M9) Rally Extends *RES 3: 134.890.......>

BOBL TECHS
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: 133.560 @ 05:36 GMT May 16
*SUP 1: 133.210 Low May 10
*SUP 2: 133.068/132.930 21-dma/Low May 7
*SUP 3: 132.797/760 55-dma/Low Apr 30
*SUP 4: 132.641 Low Apr 17
Bobl futures posted fresh cycle highs yesterday, with the next upside target
located at the inverse head and shoulders measured move 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 133.068/132.930. Below here would open the
55-dma/Apr 30 low at 132.797/760
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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