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(U9) Gains extend within the bull........>

BOBL TECHS
BOBL TECHS: (U9) Gains extend within the bull channel
*RES 4: 136.000 Round number resistance
*RES 3: 135.320 Range breakout projection
*RES 2: 135.247 Bull channel top drawn off the May 22 low
*RES 1: 135.000 Contract high, Jul 25
*PRICE: 134.860 @ 02:53 GMT July 25
*SUP 1: 134.630 Low Jul 22
*SUP 2: 134.520 Low Jul 18
*SUP 3: 134.350 Low Jul 17
*SUP 4: 134.260 Low Jul 16
U9 Bobl remains bullish as prices push higher. The break on Tuesday of the
former contract high at 134.770 confirmed a resumption of the uptrend opening
135.000 next. This level was tested yesterday. Momentum studies are in a bull
mode too, reinforcing the bullish conditions. The break to new highs this week
also confirms a breakout of the range the contract has been in since the high of
Jun 18. The range projection is 135.32. Support lies at 134.63.

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