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(U1) Significant Break

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: 135.580 High Aug 04
  • PRICE: 135.460 @ 16:17 BST Aug 04
  • 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 saw decent gains at the beginning of the session, making a significant break through the March highs to strengthen the upside argument. These gains faded into the close, but the underlying trend condition remains positive. This opens gains toward the Dec 11 2020 highs of 135.700 and a key Fib level at 136.041. While markets failed to maintain the initial rally, support remains untroubled at 134.900, Jul 22 high.

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

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