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(M9) Resistance Holds For Now *RES 4:....>

BOBL TECHS
BOBL TECHS: (M9) Resistance Holds For Now
*RES 4: 133.700 Inverse head and shoulders target 
*RES 3: 133.320 High Feb 8 (continuation chart) 
*RES 2: 133.310 High Mar 27 
*RES 1: 133.150 High Apr 10 
*PRICE: 133.040 @ 05:03 GMT May 7
*SUP 1: 132.760 Low Apr 30 
*SUP 2: 132.674/641 55-dma/Low Apr 17 
*SUP 3: 132.440 Low Mar 21 
*SUP 4: 132.230 Low Mar 19 
Bobl futures were unable to take out the April 10 high at 133.150 despite the
boost provides by the tariff news. However, the correction from yesterday's
highs has been mild keeping this level in focus. Above here would trigger an
inverse head and shoulders formation, opening the March 27 contract high at
133.310 initially. On the downside, a break below the April 30 low at 132.760 is
needed to shift the focus to the 55-dma and the April 17 low at 132.674/641.

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