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(Z0) Bullish Outlook

BOBL TECHS
  • RES 4: 135.563 1.236 proj of Sep 1 - Sep 9 rally from Sep 10 low
  • RES 3: 135.500 Round number resistance
  • RES 2: 135.410 1.000 proj of Sep 1 - Sep 9 rally from Sep 10 low
  • RES 1: 135.370 High Sep 21
  • PRICE: 135.260 @ 04:57 BST Oct 5
  • SUP 1: 135.070 Low Sep 25
  • SUP 2: 134.900 Low Sep 11 and 17
  • SUP 3: 134.760 Low Sep 11 and key support
  • SUP 4: 134.610 Low Sep 1 and the major support

BOBL futures rebounded last week off 135.080 on Oct 1 A bullish outlook remains intact. This follows the Sep 21 breach of the 135.260 congestion, high Aug 21, Sep 3, 8 and 9. This move higher confirmed a resumption of the uptrend in place since Sep 1. Attention is on 135.410 and 135.563, both Fibonacci projections. Key support has been defined at 134.900, Sep 17 low. Initial firm support lies at 135.070, Sep 25 low.

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