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(U9) Uptrend Holding Despite Blip........>

BOBL TECHS
BOBL TECHS: (U9) Uptrend Holding Despite Blip Below Trend Channel
*RES 4: 135.000 Psychological level
*RES 3: 134.890 High Feb 24, 2017
*RES 2: 134.260 Projected channel top from May 3 low
*RES 1: 134.230 High 7 Mar 2017
*PRICE: 133.950 @ 04:56 GMT June 7
*SUP 1: 133.922 5-dma
*SUP 2: 133.650 Low May 30
*SUP 3: 133.606 21-dma
*SUP 4: 133.300 Low May 22
Bulls remain in control despite Bobl futures briefly trading below the up trend
channel on the continuation chart. Focus remains on the Mar 7 2017 high at
134.230 ahead of projected channel top at 134.26. Whilst the daily studies are
firmly in overbought territory, the slow-stochastic and 14-day RSI still remain
below extreme levels - implying upside risks. Support is at the May 30 low of
133.650.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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