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(U1) Rally Pauses

BOBL TECHS
  • RES 4: 136.583 1.0% 10-dma envelope
  • RES 4: 136.041 61.8% March Downtick
  • RES 3: 135.700 High Dec 11 (cont)
  • RES 2: 135.640 High Aug 05
  • PRICE: 135.260 @ 16:05 BST Aug 11
  • SUP 1: 135.030/134.900 Low Jul 26 / Low Jul 22
  • SUP 2: 134.834/710 20-day EMA / High Jul 8
  • SUP 3: 134.562 50-day EMA
  • SUP 4: 134.410 Low Jul 13 and a key support

Bobl futures edged off recent highs, but the pullback hasn't altered the bullish trend. This opens gains toward the Dec 11 2020 highs of 135.700 and a key Fib level at 136.041. Current support remains untroubled at 134.900, Jul 22 low. A break through here opens losses toward 135.030.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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