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(U9) Up-trend remains intact, watch......>

BOBL TECHS
BOBL TECHS: (U9) Up-trend remains intact, watch 134.20 support
*RES 4: 135.560 2.618 Fibonacci swing projection of 132.74-133.62 from 133.30
*RES 3: 135.020 2.00 Fibonacci swing projection of 132.74-133.62 from 133.30
*RES 2: 134.869 Bull channel top drawn off the May 3 low
*RES 1: 134.700 Contract high June 18
*PRICE: 134.360 @ 02:53 GMT June 25
*SUP 1: 134.200 Low Jun 21 and key near-term support
*SUP 2: 134.080 Low Jun 18
*SUP 3: 133.900 Low Jun 7
*SUP 4: 133.680 Low Jun 6
Last Tuesday's strong impulsive rally remains the recent key technical
development, the day a resumption of the uptrend was confirmed. The pullback
since the Jun 18 high is thus being viewed as a correction. Price action tested
trendline support on Friday at 134.246 and traded around the level of the
trendline too on Monday. A clear break of this trendline, drawn off the May 3
low would be confirmed should support at 134.20 give way.

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