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(U9) Trendline intact *RES 4: 137.000....>

BOBL TECHS
BOBL TECHS: (U9) Trendline intact
*RES 4: 137.000 Round number resistance
*RES 3: 136.315 1.618 projection of Jul 12-Jul 25 rally from Jul 25 low
*RES 2: 136.240 Contract high Aug 20
*RES 1: 136.150 High Aug 21 and 26
*PRICE: 136.110 @ 03:02 GMT Aug 29
*SUP 1: 135.944/640 T'line support drawn off Jul 12 low/Low Aug 22 & key support
*SUP 2: 135.403 38.2% retracement of Jul 12 - Aug 20 rally
*SUP 3: 135.360 Low Aug 7
*SUP 4: 135.110 High Jul 25
U9 Bobl outlook is unchanged. Recent activity has seen trendline support drawn
off the July 12 low temporarily probed. Key support is at 135.640, the low of
Aug 22. As long as this level holds, the trendline and the bull trend remains
intact. The focus is on the contract high of 136.240, a break opens136.315 . A
move below 135.640 is needed to signal scope for a deeper correction. This would
confirm a trendline break and momentum would likely be bearish too.

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