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(H0) Consolidating And Finding Support...>

BOBL TECHS
BOBL TECHS: (H0) Consolidating And Finding Support
*RES 4: 135.260 1.500 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 3: 135.135 1.382 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 2: 135.020 High Jan 31 and key bull trigger
*RES 1: 134.770 High Feb 11
*PRICE: 134.690 @ 04:06 GMT Feb 17
*SUP 1: 134.530 Low Feb 12
*SUP 2: 134.450 Low Feb 6
*SUP 3: 134.423 50-day EMA
*SUP 4: 134.270 Trendline support drawn off the Jan 2 low
H0 Bobl found support again Friday. Our attention recently has been on the
potential for a move lower following the reversal on Jan 31. This has so far
failed to materialise. Attention now turns to resistance at 134.770, the Feb 11
high. A break of this level would signal a bullish tone and expose the key
resistance at 135.020, the Jan 31 high. Clearance of this level would resume
this year's rally. Key support to watch is 134.450, a break would be bearish.

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