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(H0) Corrective Mode *RES 4: 134.638.....>

BOBL TECHS
BOBL TECHS: (H0) Corrective Mode
*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: 134.060 High Jan 21
*PRICE: 133.970 @ 04:35 GMT Jan 22
*SUP 1: 133.840 Low Jan 16
*SUP 2: 133.670 Low Jan 14
*SUP 3: 133.470 Low Jan 2 and key support
*SUP 4: 133.220 1.236 projection of Nov 20 - Jan 2 decline from Jan 8 high
H0 Bobl was firmer yesterday. The outlook is unchanged with recent gains still
being viewed as likely short-term correction. The focus is on the Jan 8 pullback
that continues to provide a bearish backdrop. The bearish significance of the
sell-off that day was reinforced by the fact price failed to hold above the
50-day EMA. A return lower would open 133.600, Jan 13 low and 133.470, Jan 2
low. Initial firm resistance is at 134.201, a retracement level.

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