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(U0) Positive Tone Develops *RES 4:......>

BOBL TECHS
BOBL TECHS: (U0) Positive Tone Develops
*RES 4: 134.930 High May 22
*RES 3: 134.770 Low May 25 and gap high on the daily chart
*RES 2: 134.630 High May 26 and gap low on the daily chart
*RES 1: 134.590 High Jun 11
*PRICE: 134.500 @ 04:52 BST Jun 12
*SUP 1: 134.590 Low Jun 11 and key intraday support
*SUP 2: 134.000 Low Jun 10
*SUP 3: 133.790 Low Jun 5 & 1.50 projection of May 18-19 swing from May 22 high
*SUP 4: 133.700 1.618 projection of May 18 - 19 swing from May 22 high
Bobl futures rallied sharply higher yesterday signalling a potential end to the
recent downtrend and suggesting scope for a stronger near-term recovery. The
focus is on resistance at 134.630, May 26 high where a break would reinforce a
developing bullish theme and set the scene for a climb towards 134.770, May 25
low and 134.930, May 22 high. Initial support lies at yesterday's low of
134.210. A break is required to reinstate a bearish risk and open 133.790.

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