(U3) Correction Still In Play

• RES 4: 116.860 High Jun 13
• RES 3: 116.450 High Jun 26 and a key resistance
• RES 2: 116.280 High Jun 29
• RES 1: 115.910 High Jul 3
• PRICE: 115.680 @ 05:28 BST Jul 14
• SUP 1: 115.230/114.550 Low Jul 13 / 6 and the bear trigger
• SUP 2: 114.432 1.764 projection of the Jun 1 - 8 - 12 price swing
• SUP 3: 114.130 Low Mar 6 (cont) and a major support
• SUP 4: 114.090 2.00 projection of the Jun 1 - 8 - 12 price swing

Bobl futures traded higher yesterday and in the process breached resistance at the 20-day EMA, which intersects at 115.527. The break higher signals potential for a stronger short-term correction and attention is on the next resistance at 115.910, the Jul 3 high. A break would open 116.450, the Jun 26 high and key resistance. Key support has been defined at 114.550, the Jul 6 low and this level marks the bear trigger.