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(Z2) Bullish Above The 50-Day EMA

BOBL TECHS
  • RES 4: 122.510 High Sep 12
  • RES 3: 121.950 High Oct 4 and a reversal trigger
  • RES 2: 121.330 High Oct 5
  • RES 1: 121.290 High Dec 2
  • PRICE: 120.550 @ 05:31 GMT Dec 5
  • SUP 1: 119.900/390 20-day EMA / Low Nov 28 and a key S/T support
  • SUP 2: 119.180 Low Nov 14
  • SUP 3: 118.710 Low Nov 9
  • SUP 4: 118.260 Low Nov 8 and a key support

Bobl futures have recently breached resistance at 120.530, the Nov 10 high. The outlook is bullish and note that the 50-day EMA, at 120.193, has also been cleared. The break of this average strengthens bullish conditions. 121.010, the Oct 28 high, has been breached too and this opens 121.950 further out, the Oct 4 high. On the downside, key short-term support has been defined at 119.390, the Nov 28 low.

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