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(Z3) Key Support Remains Intact For Now

BOBL TECHS
  • RES 4: 117.610 High Sep 1 and a key resistance
  • RES 3: 117.230 High Sep 4
  • RES 2: 116.890 High Sep 8 and a key near-term resistance
  • RES 1: 116.740 High Sep 14
  • PRICE: 116.650 @ 05:40 BST Sep 15
  • SUP 1: 116.030 Low Sep 13
  • SUP 2: 116.000 Low Aug 15
  • SUP 3: 115.620 1.236 retracement of the Aug 15 - Sep 1 climb
  • SUP 4: 115.385 1.382 retracement of the Aug 15 - Sep 1 climb

Bobl futures have recovered from their recent lows and key support at 116.000 remains intact for now, the Aug 15 low. A continuation higher would expose resistance at 116.890, the Sep 8 high, where a break would highlight a potentially stronger short-term reversal. Key resistance is far off at 117.610, the Sep 1 high. On the downside, a break of 116.00 is required to resume the downtrend.

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