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(H0) Bullish Trend Conditions Intact.....>

BOBL TECHS
BOBL TECHS: (H0) Bullish Trend Conditions Intact
*RES 4: 136.000 Round number support
*RES 3: 135.800 1.00 projection of Jan 14 - Jan 31 rally from Feb 6 low
*RES 2: 135.790 2.00 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 1: 135.550 High Feb 27
*PRICE: 135.470 @ 04:54 GMT Feb 28
*SUP 1: 135.020 High Jan 31 and former breakout level
*SUP 2: 134.790 Low Feb 24
*SUP 3: 134.660 Low Feb 18 and 19
*SUP 4: 134.585 50-day EMA
Bobl futures remain bullish. The clearance of 134.86, the Feb 18 high this week
and more importantly 135.020, the Jan 31 high confirmed a resumption of the
recovery that began on Jan 2. With bullish conditions intact, further gains are
favoured near-term. The former 135.385 objective was achieved yesterday, the
next objective is 135.790, a Fibonacci projection. On the downside, initial
support is seen at 135.020.

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