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(U9) New contract high, bull trend.......>

BOBL TECHS
BOBL TECHS: (U9) New contract high, bull trend intact
*RES 4: 136.000 Round number resistance
*RES 3: 135.560 2.618 Fibonacci swing projection of 132.74-133.62 from 133.30
*RES 2: 135.020 2.00 Fibonacci swing projection of 132.74-133.62 from 133.30
*RES 1: 134.700 Contract high June 18 and channel top drawn off the May-3 low
*PRICE: 134.580 @ 05:30 GMT June 19
*SUP 1: 134.020 Low Jun 17
*SUP 2: 133.900 Low Jun 7
*SUP 3: 133.680 Low Jun 6
*SUP 4: 133.480 50-Day EMA
U9 Bobl uptrend remains in place and yesterday's strong impulsive rally
confirmed a resumption of the uptrend. The gains have offset recent signs of a
potential top and bulls are now back in control. Today's contract highs have
tested the top of the bull channel drawn off the May 3 low. It remains to be
seen whether this channel top at 134.70 has any impact on bullish sentiment. The
134.02 low of Jun 17 represents initial support.

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