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(U0) Attention Is On The Range Top

BOBL TECHS
  • RES 4: 135.421 61.8% retrace of the May 4 - Jun 10 decline (cont)
  • RES 3: 135.340 High May 18
  • RES 2: 135.150 50.0% retrace of the May 4 - Jun 10 decline (cont)
  • RES 1: 135.080/135.10 High Jun 29 / High Jul 29
  • PRICE: 135.010 @ 04:47 BST Jul 30
  • SUP 1: 134.610/560 Low Jul 20 / Low Jul 13
  • SUP 2: 134.510 Low Jul 2 and key support
  • SUP 3: 134.435 50.0% retracement of the rally between Jun 5 - 29
  • SUP 4: 134.410 Low Jun 17

Bobl futures are trading within a range that started late June. The range
parameters are defined by resistance at 135.080, Jun 29 high and
support at 134.510, Jul 2 low. Note the range top has been probed this
week, a clear break would confirm a range breakout and resume the
uptrend that started Jun 5. This would pave the way for a move towards
135.34, May 18 high. 134.61, Jul 27 low is support.

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