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(U9) Bulls Eye Projected Channel Top.....>

BOBL TECHS
BOBL TECHS: (U9) Bulls Eye Projected Channel Top 134.26
*RES 4: 135.000 Psychological level
*RES 3: 134.890 High Feb 24, 2017
*RES 2: 134.260 Projected channel top from May 3 low
*RES 1: 134.230 High 7 Mar 2017
*PRICE: 134.110 @ 04:43 GMT June 6
*SUP 1: 133.936 5-day moving average
*SUP 2: 133.650 Low May 30
*SUP 3: 133.579 21-dma
*SUP 4: 133.300 Low May 22
Bulls remain in control following break above 133.97 double-day high with focus
on Mar 7 2017 high on continuation charts at 134.230 ahead of projected channel
top at 134.26. Whilst the daily studies are firmly in overbought territory, the
slow-stochastic and 14-day RSI still remain below extreme levels - implying
upside risks. Support is at the 5-DMA at 133.936 ahead of 133.650.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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