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(Z3) Bull Cycle Remains In Play

BOBL TECHS
  • RES 4: 117.610 High Sep 1 and a key resistance
  • RES 3: 117.230 High Sep 4
  • RES 2: 117.132 1.236 proj of the Sep 28 - Oct 10 - 19 price swing
  • RES 1: 116.990 High Nov 16
  • PRICE: 116.930 @ 05:48 GMT Nov 17
  • SUP 1: 116.428/000 20-day EMA / Low Nov 13
  • SUP 2: 115.850 Low Oct 27
  • SUP 3: 115.480/130 Low Oct 26 / 19
  • SUP 4: 114.880 Low Sep 28 and the bear trigger

A bull cycle in Bobl futures remains in play and the contract is holding on to its latest gains. This week’s rally signals a resumption of the uptrend and resistance at 116.940, the Nov 3 high, has been pierced. A clear break of this hurdle would pave the way for climb towards 117.230, the Sep 4 high. Initial support lies at 116.428, the 20-day EMA. Key support has been defined at 116.00, the Nov 3 low.

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