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(U9) Mature trend? *RES 4: 136.000.......>

BOBL TECHS
BOBL TECHS: (U9) Mature trend?
*RES 4: 136.000 Round number resistance
*RES 3: 135.320 Range breakout projection
*RES 2: 135.288 Bull channel top drawn off the May 22 low
*RES 1: 135.110 Contract high, Jul 25
*PRICE: 134.780 @ 02:45 GMT July 29
*SUP 1: 134.600 Low Jul 25
*SUP 2: 134.520 Low Jul 18
*SUP 3: 134.350 Low Jul 17
*SUP 4: 134.273/260 Bull channel base drawn of the May 22 low / Low Jul 16
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 is a warning that some uncertainty regarding market
sentiment is developing and that the trend is potentially mature. Key support
has been defined at 134.600, the low of Jul 25. If breached, this would signal
the beginning of a correction. The key upside trigger is at 135.110.

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