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(U9) Price Action Warns Of Mature........>

BOBL TECHS
BOBL TECHS: (U9) Price Action Warns Of Mature Trend
*RES 4: 136.000 Round number resistance
*RES 3: 135.350 Bull channel top drawn off the May 22 low
*RES 2: 135.320 Range breakout projection
*RES 1: 135.110 Contract high, Jul 25
*PRICE: 134.920 @ 03:02 GMT Aug 1
*SUP 1: 134.600 Low Jul 25
*SUP 2: 134.520 Low Jul 18
*SUP 3: 134.350 Low Jul 17
*SUP 4: 134.335 Bull channel base drawn of the May 22 low
U9 Bobl remains bullish following last weeks contract highs. Price activity
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,
it 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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