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(H0) Bearish Theme Still In Place *RES...>

BOBL TECHS
BOBL TECHS: (H0) Bearish Theme Still In Place
*RES 4: 134.510 High Nov 28
*RES 3: 134.480 High Dec 4 and bull trigger
*RES 2: 134.420 High Dec 12
*RES 1: 134.100 High Dec 13
*PRICE: 134.030 @ 04:51 GMT Dec 16
*SUP 1: 133.770 Low Dec 13
*SUP 2: 133.509 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high
*SUP 3: 133.422 1.764 projection of Nov 28 - Dec 3 decline from Dec 4 high
*SUP 4: 133.280 2.000 projection of Nov 28 - Dec 3 decline from Dec 4 high
H0 Bobl maintains a bearish outlook despite Friday's bounce off the day low. The
initial move lower Friday resulted in price trading below the former key support
of 133.910, Dec 3 low to confirm a resumption of the broader downtrend. With a
bearish theme clearly in place, scope is seen for weakness towards 133.509 next,
a Fibonacci projection. A break of resistance at 134.420, Dec 12 high is
required to threaten the bearish theme.

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