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(U9) Bulls pause for breath, up-trend....>

BOBL TECHS
BOBL TECHS: (U9) Bulls pause for breath, up-trend remains intact
*RES 4: 136.000 Round number resistance
*RES 3: 135.560 2.618 Fibonacci swing projection of 132.74-133.62 from 133.30
*RES 2: 135.020 2.00 Fibonacci swing projection of 132.74-133.62 from 133.30
*RES 1: 134.700/740 Contract high June 18/channel top drawn off the May-3 low
*PRICE: 134.520 @ 03:30 GMT June 20
*SUP 1: 134.020 Low Jun 17
*SUP 2: 133.900 Low Jun 7
*SUP 3: 133.680 Low Jun 6
*SUP 4: 133.480 50-Day EMA
U9 Bobl uptrend remains in place. Tuesday's strong impulsive rally confirmed a
resumption of the uptrend. Gains this week did offset recent signs of a
potential top and bulls are now back in control. Tuesday's contract highs tested
the top of the bull channel drawn off the May 3 low. It remains to be seen
whether this channel top, at 134.74 today has any impact on bullish sentiment.
On the downside, the 134.02 low of Jun 17 represents initial support.

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