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(U9) Mature trend development? *RES 4:...>

BOBL TECHS
BOBL TECHS: (U9) Mature trend development?
*RES 4: 136.000 Round number resistance
*RES 3: 135.320 Range breakout projection
*RES 2: 135.268 Bull channel top drawn off the May 22 low
*RES 1: 135.110 Contract high, Jul 25
*PRICE: 134.800 @ 02:51 GMT July 30
*SUP 1: 134.600 Low Jul 25
*SUP 2: 134.520 Low Jul 18
*SUP 3: 134.350 Low Jul 17
*SUP 4: 134.277 Bull channel base drawn of the May 22 low
U9 Bobl remains bullish following last weeks contract highs. Price activity
however traded within a significantly wider than normal range last Thursday and
closed down on the day. This activity is significant as it warns the trend is
potentially mature. A key support is at 134.600, the low of Jul 25. If breached,
this would confirm a top and signal the start of a correction. For bulls, the
key upside trigger is 135.110. A break would offset any bearish threat.

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