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(U0) Probes 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: 135.080/090 High Jun 29 / High Jul 28 and intraday high
  • PRICE: 135.070 @ 05:17 BST Jul 29
  • 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 traded higher again last week. The contract is trading within
a range created 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, 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 is support.

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