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(Z3) Consolidating Closer To Its Recent Highs

BOBL TECHS
  • RES 4: 116.966 76.4% retracement of the Sep 1 - Sep 28 downleg
  • RES 3: 116.740 High Sep 14
  • RES 2: 116.567 61.8% retracement of the Sep 1 - Sep 28 downleg
  • RES 1: 116.500 High Oct 10 and the short-term bull trigger
  • PRICE: 116.100 @ 05:13 BST Oct 16
  • SUP 1: 115.750 Low Oct 9
  • SUP 2: 115.400 Low Oct 6
  • SUP 3: 115.070 Low Oct 4
  • SUP 4: 114.880 Low Sep 28 and the bear trigger

Bobl futures are consolidating and remain closer to recent highs. Attention is on resistance at 116.500, the Oct 10 high, where a break would strengthen short-term bullish conditions and pave the way for a stronger short-term recovery. This would expose 116.567 and 116.966, Fibonacci retracement points. Support to watch lies at 115.570, the Oct 9 low. A break would highlight a potential top.

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