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(U0) Finishes Flat

BOBL TECHS
  • RES 4: 135.757 76.4% retrace of the May 4 - Jun 10 decline (cont)
  • RES 3: 135.500 High May 22 (cont)
  • RES 2: 135.421 61.8% retrace of the May 4 - Jun 10 decline (cont)
  • RES 1: 135.350 High Jul 31
  • PRICE: 134.970 @ 03:44 BST Aug 10
  • SUP 1: 134.930 Low Aug 6
  • SUP 2: 134.610/560 Low Jul 20 / Low Jul 13
  • SUP 3: 134.510 Low Jul 2 and key support
  • SUP 4: 134.410 Low Jun 17

Despite the release of payrolls data, Bobl futures went nowhere fast Friday. Thursday's uptick off the 134.930 low keeps the pressure on 135.350, initially, ahead of 135.421 (cont), 61.8% of the Apr - Jun sell-off. Should Bobls return lower, 134.610/560 should provide decent support. The outlook holds relatively neutral for now.

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