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(H0) Downside Focus *RES 4: 135.260......>

BOBL TECHS
BOBL TECHS: (H0) Downside Focus
*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
*RES 1: 134.820 High Feb 5
*PRICE: 134.590 @ 04:44 GMT Feb 12
*SUP 1: 134.450 Low Feb 6
*SUP 2: 134.392 50-day EMA
*SUP 3: 134.186 61.8% retracement of the Jan 14 - Jan 31 rally
*SUP 4: 134.080 Low Jan 23
H0 Bobl is off recent highs and indications are the recent correction higher is
over. A near-term bearish risk remains in place. This follows last week's sharp
pullback that marks an unwinding of the recent overbought condition. Attention
is on support at 134.450, the Feb 6 low where a break would signal scope for a
deeper pullback and open 134.392, the 50-day EMA and potentially 134.186, a
retracement level. Initial resistance is at 134.770, the Jan 11 high.

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