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(U9) Consolidating but bullish *RES 4:...>

BOBL TECHS
BOBL TECHS: (U9) Consolidating but bullish
*RES 4: 137.315 2.618 projection of the Jul 12-Jul 25 rally from Jul 25 low
*RES 3: 137.000 Round number resistance
*RES 2: 136.315 1.618 projection of the Jul 12-Jul 25 rally from Jul 25 low
*RES 1: 136.240 Contract high Aug 20
*PRICE: 136.000 @ 03:00 GMT Aug 22
*SUP 1: 135.870 Low Aug 19
*SUP 2: 135.666 Trendline support drawn off the July 12 low
*SUP 3: 135.360 Low Aug 7
*SUP 4: 135.110 High Jul 25
Despite confirming the print of a fresh trend high Tuesday at 136.24, U9 Bobl is
essentially consolidating for now. The recent high negates the prospect of a
correction near-term with key support defined at the Aug 19 low of 135.870. A
break of this level is required to open the trendline support at 135.666 and
drawn off the Jul 12 low. Until then, the focus is on the upside and the 136.315
objective and Fibonacci projection next.

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