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(H0) 134.86 a Step Too Far *RES 3:.......>

BOBL TECHS
BOBL TECHS: (H0) 134.86 a Step Too Far
*RES 3: 135.260 1.500 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 2: 135.135 1.382 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 1: 135.020 High Jan 31 and key bull trigger
*PRICE: 134.820 @ 06:05 GMT Feb 21
*SUP 1: 134.530 Low Feb 12
*SUP 2: 134.450 Low Feb 6
*SUP 3: 134.423 50-day EMA
Despite strength further up the curve, Bobl futures gained but failed to recover
above the 134.86 Tuesday high. This keeps some attention on the potential for a
move lower following the reversal on Jan 31. This has so far failed to
materialise. Clearance of 135.020, the Jan 31 high, would resume this year's
rally. Key support to watch is 134.450, a break would be bearish.

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