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(U3) Support Remains Intact - For Now

BOBL TECHS
  • RES 4: 117.640 High Aug 8
  • RES 3: 117.610 High Sep 1 and a key resistance
  • RES 2: 117.230 High Sep 4
  • RES 1: 116.960 High Sep 5
  • PRICE: 116.770 @ 05:40 BST Sep 6
  • SUP 1: 115.610 Low Aug 28 and a key short-term support
  • SUP 2: 115.500 Low AUg 23
  • SUP 3: 116.170 Low Aug 21
  • SUP 4: 116.000 Low Aug 15

Bobl futures have pulled back from the Sep 1 high of 117.610 and attention is on support at 116.610, the Aug 28 low. This represents an important short-term support and a break would undermine the recent bullish theme, exposing 116.500, the Aug 23 low, initially. Clearance of this level would strengthen a bearish threat. On the upside, a break of 117.610 would reinstate a bullish theme.

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