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(H0) Downtrend Resumes *RES 4: 134.510...>

BOBL TECHS
BOBL TECHS: (H0) Downtrend Resumes
*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: 134.200 High Dec 18
*PRICE: 133.860 @ 04:43 GMT Dec 20
*SUP 1: 133.740 Low Dec 19
*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 traded lower yesterday and registered a low print of 133.740, below the
key support of 133.770, low Dec 13. This has confirmed a resumption of the
downtrend and, with bearish conditions intact further downside is seen likely.
Scope is for weakness towards 133.509 next, a Fibonacci projection. On the
upside, near-term key resistance has been defined at 134.200, Wednesday's high.
A beak is required to signal scope for a stronger bounce.

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