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(U9) Breaks Above 6-Week Resistance......>

BOBL TECHS
BOBL TECHS: (U9) Breaks Above 6-Week Resistance Line
*RES 4: 136.000 Round number resistance
*RES 3: 135.550 Channel top from July 12 low
*RES 2: 135.410 Bull channel top drawn off the May 22 low
*RES 1: 135.400 Contract high, Aug 6
*PRICE: 135.210 @ 04:27 GMT Aug 6
*SUP 1: 135.106 5-DMA
*SUP 2: 134.810 Low Jul 31
*SUP 3: 134.600 Low Jul 25
*SUP 4: 134.395 Bull channel base drawn of the May 22 low
U9 Bobl has broken and closed above 6-week resistance line having hit fresh
contract high at 135.320 on Monday. This is coincides with the projection of the
range breakout. Look for some consolidation here but m/t risks remain skewed
higher to 135.410 - the value of the bull channel top from May 22 low.

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