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(H0) Bearish Focus Intact *RES 4:........>

BOBL TECHS
BOBL TECHS: (H0) Bearish Focus Intact
*RES 4: 134.638 0.618 projection of Jan 2 - Jan 6 rally from Jan 7 low
*RES 3: 134.530 High Nov 20 and High Jan 8 plus key resistance
*RES 2: 134.201 61.8% retracement of the Jan - Jan 14 decline
*RES 1: 134.000 High Jan 16
*PRICE: 133.950 @ 04:56 GMT Jan 20
*SUP 1: 133.670 Low Jan 14
*SUP 2: 133.470 Low Jan 2 and key support
*SUP 3: 133.220 1.236 projection of Nov 20 - Jan 2 decline from Jan 8 high
*SUP 4: 133.065 1.382 projection of Nov 20 - Jan 2 decline from Jan 8 high
H0 Bobl is consolidating. The outlook remains broadly unchanged with futures
seen likely to remain soft near-term. The pullback on Jan 8 weighs on sentiment.
The bearish significance of the sell-off that day was reinforced by the fact
price failed to hold and close above the 50-day EMA. The focus is on key support
and the bear trigger at 133.470, Jan 2 low. A break of 133.670 would open
133.470. Initial firm resistance is at 134.201.

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