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(Z0)Uptrend Intact

BOBL TECHS
  • RES 4: 136.14 High May 5 (cont)
  • RES 3: 136.060 2.000 proj of Sep 1 - Sep 9 rally from Sep 10 low
  • RES 2: 136.000 Round number resistance
  • RES 1: 135.960 High Oct 29
  • PRICE: 135.920 @ 05:03 GMT Oct 30
  • SUP 1: 135.770 Low Oct 28
  • SUP 2: 135.567 20-day EMA
  • SUP 3: 135.530 Low Oct 27
  • SUP 4: 135.470 Low Oct 23 and 26
BOBL futures traded higher again yesterday, extending the recovery off 135.470, Oct 23 and 26 low. Price this week traded above key resistance at 135.860, Oct 20 high confirming a resumption of the underlying uptrend. Scope is seen for gains towards 136.00 next ahead of 136.060, a Fibonacci projection. Initial support is at 135.770, Wednesday's low low. A pullback below this support if seen, would expose 135.530, Oct 27 low.

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