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(U0) Needle Still Points North *RES 4:...>

BOBL TECHS
BOBL TECHS: (U0) Needle Still Points North
*RES 4: 135.340 High May 18
*RES 3: 135.228 76.4% projection of the Jun 5 - 15 rally from Jun 17 low
*RES 2: 135.150 50.0% retracement of the May 4 - Jun 10 decline (cont)
*RES 1: 134.940 High Jun 22
*PRICE: 134.750 @ 05:00 BST Jun 23
*SUP 1: 134.510 Low Jun 19
*SUP 2: 134.410 Low Jun 17 and key near-term support
*SUP 3: 134.210 Low Jun 11
*SUP 4: 134.000 Low Jun 10
Bobl futures traded higher yesterday, the outlook remains bullish. Recent gains
between Jun 5 - 15 signalled an end to the recent downtrend and suggest scope
for a stronger recovery. The focus is on resistance at 134.930, May 22 high that
was probed yesterday. A clear break would reinforce a developing bullish theme
and open 135.340, May 18 high. Firm support is at 134.410, Jun 17 low. Today's
bull trigger is 134.940.

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