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(Z3) Support Remains Intact

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: 115.900 @ 05:23 BST Oct 17
  • 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 have pulled back from recent highs but still remain closer to the October peak. 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 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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