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(U1) Bullish Focus

BOBL TECHS
  • RES 4: 134.912 1.618 proj of the May 20 - 26 - 31 price swing
  • RES 3: 134.835 1.50 proj of the May 20 - 26 - 31 price swing
  • RES 2: 134.758 1.382 proj of the May 20 - 26 - 31 price swing
  • RES 1: 134.710 High Jul 8 and the bull trigger
  • PRICE: 134.660 @ 05:33 BST Jul 15
  • SUP 1: 134.410 Low Jul 13
  • SUP 2: 134.070 Low Jul 6
  • SUP 3: 133.860 Low May 28, 31, Jun 22 and key S/T support
  • SUP 4: 133.530 Low May 21

Bobl futures maintain a bullish theme and the recent pullback is considered corrective. Yesterday's gains are positive. The contract last week confirmed a clear break of key S/T resistance at 134.510, Jun 11 high and a Fibonacci projection. The break confirmed a resumption of the recovery from May 20 and sets the scene for an extension higher. This opens 134.758, a Fibonacci projection. On the downside, initial support lies at 134.340, Jul 7 low.

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