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(U1) Still Climbing

BOBL TECHS
  • RES 4: 135.350 High Apr 8 (cont)
  • RES 3: 135.313 2.236 proj of the May 20 - 26 - 31 price swing
  • RES 2: 135.160 2.00 proj of the May 20 - 26 - 31 price swing
  • RES 1: 135.150 Intraday high
  • PRICE: 135.130 @ 05:21 BST Jul 26
  • SUP 1: 134.900 Low Jul 22
  • SUP 2: 134.710/629 High Jul 8 / 20-day EMA
  • SUP 3: 134.443 50-day EMA
  • SUP 4: 134.410 Low Jul 13 and a key support

Bobl futures have edged higher today with a bullish theme dominating. The contract on Jul 8 cleared a key short-term resistance at 134.510, Jun 11 high and a Fibonacci projection. This confirmed a resumption of the uptrend from May 20 and the subsequent climb reinforces the current bullish trend structure. The rising channel top drawn from the May 20 low has also been breached. Initial support lies at 134.900, Jul 22 high.

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