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(Z0) Positive Theme Maintained

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: 135.240 @ 04:53 BST Sep 23
  • SUP 1: 135.030 Low Sep 21
  • SUP 2: 134.900 Low Sep 11 and 17
  • SUP 3: 134.760 Low Sep 11
  • SUP 4: 134.610 Low Sep 1 and major support

BOBL futures bullish outlook remains intact. This follows Monday's breach of resistance at 135.260, high Aug 21, Sep 3, 8 and 9. The break confirms a resumption of the uptrend that has been in place since Sep 1, clearing the way for an extension higher. Attention is on 135.410 and 135.563, both Fibonacci projections. On the downside, key near-term support has been defined at 134.900, Sep 17 low. A break would dent the positive theme.

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