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(U9) New contract cycle high *RES 4:.....>

BOBL TECHS
BOBL TECHS: (U9) New contract cycle high
*RES 4: 135.136 Bull channel top drawn off the May 3 low
*RES 3: 135.060 2.00 Fibo projection of the May 3-15 rally off the May 22 low
*RES 2: 135.000 Round number resistance
*RES 1: 134.740 Intraday contract high
*PRICE: 134.610 @ 03:17 GMT July 4
*SUP 1: 134.462 Trendline support drawn off the May 3 low
*SUP 2: 134.300 Low Jun 28
*SUP 3: 134.150 Low Jun 27 and key trend support
*SUP 4: 133.827 50-day EMA
U9 Bobl bulls dominate with a new contract high printed yesterday. The market
did pullback from the day's 134.770 high though. This level is now a key
short-term resistance, as a break would reinforce the importance of yesterday's
move above former resistance at 134.700, the Jun 18 high. Upside price
objectives are at 135.000 and 135.060 next. Trend support lies at 134.15 and
needs to hold to maintain the bullish theme.

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