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(U9) Bulls eye new contract high *RES....>

BOBL TECHS
BOBL TECHS: (U9) Bulls eye new contract high
*RES 4: 136.315 1.618 projection of the Jul 12-Jul 27 rally from Jul 25 low
*RES 3: 136.190 1.500 projection of the Jul 12-Jul 27 rally from Jul 25 low
*RES 2: 136.000 Round number resistance
*RES 1: 135.800 Contract high Aug 12
*PRICE: 135.770 @ 02:58 GMT Aug 13
*SUP 1: 135.630 Low Aug 9
*SUP 2: 135.360 Low Aug 7
*SUP 3: 135.276 Channel base drawn off the July 12 low
*SUP 4: 135.110 High Jul 25
U9 Bobl uptrend remains intact. A fresh contract high of 135.770 on Friday
confirmed a resumption of the uptrend. Yesterday's also marked the print of a
new contract high and removed any bearish threat highlighted recently by
Friday's selling pressure. Despite being in overbought territory, price action
appears set to extend the upside. The focus is on 136.00. next. Initial support
lies at 135.63. Note, trendline support drawn off the Jul 12 low is at 135.276.

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