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(U9) Correction lower set to extend......>

BOBL TECHS
BOBL TECHS: (U9) Correction lower set to extend
*RES 4: 135.060 2.00 Fibo projection of the May 3-15 rally off the May 22 low
*RES 3: 135.000 Round number resistance
*RES 2: 134.770 U9 contract high Jul 3
*RES 1: 134.622 Trendline support now resistance drawn off the May 3 low
*PRICE: 134.400 @ 03:07 GMT July 10
*SUP 1: 134.300 Low Jun 28
*SUP 2: 134.150 Low Jun 27 and key trend support
*SUP 3: 133.933 50-day EMA
*SUP 4: 133.900 Low Jun 7
U9 Bobl has breached its trendline support at the 134.582 level and is also
probing Friday's low print of 134.410 marked as an important support. With the
trendline breached, potential exists for a deeper corrective sell-off towards
134.510, the low of Jun 27. Momentum studies are also pointing south as they
unwind a former overbought position. On the upside, trendline support now
resistance intersects at 134.622 today. Look for the correction to extend.

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