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BOBL: Buy The Dip At 126.60/61

By Jason SenBondsMay 30, 2014 01:58AM ET
www.investing.com/analysis/bobl:-buy-the-dip-at-126.60-61-214446
BOBL: Buy The Dip At 126.60/61
By Jason Sen   |  May 30, 2014 01:58AM ET
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BOBL Chart
BOBL Chart

BOBL edged lower breaking 126.84/82 to bottom just above the next target and support at 126.73/72, which was expected to hold the downside. However, if prices continue lower today look for a buying opportunity at 126.61/60, with stops below 126.54. Go with a break lower then for the next buying opportunity at 126.45/43.

If we can hold 126.73/72 the outlook is more positive for today and targets 126.84/82. If we continue higher, look for the high this week at 126.90/92. We should struggle here again; watch for a high for the day but on a break higher look for that target of 126.98/99. Just beware that on a break higher next week we could target 127.09/12 before the February highs for this year at 127.29.

BOBL: Buy The Dip At 126.60/61
 

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BOBL: Buy The Dip At 126.60/61

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