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(U9) Potential Double-Day High Bear......>

BOBL TECHS
BOBL TECHS: (U9) Potential Double-Day High Bear Reversal
*RES 4: 137.000 Round number resistance
*RES 3: 136.820 Bull channel top drawn off the July 12 low
*RES 2: 136.000 Round number resistance
*RES 1: 135.770 Contract high Aug 9
*PRICE: 135.730 @ 03:51 GMT Aug 9
*SUP 1: 135.508 5-DMA
*SUP 2: 134.810/897 Low Jul 31, 21-DMA
*SUP 3: 134.600 Low Jul 25
*SUP 4: 134.445 Channel base from July 12 low
U9 Bobl has put in a potential double-day high top at 135.700/135.710, and
whilst this caps the topside - the risk is on a correction lower as daily
studies look to unwind overbought readings. Support is at the 5-DMA at 135.508
ahead of channel base from July 12 low, which is today valued at 134.445.

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