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(H0) Heading North *RES 4: 135.540.......>

BOBL TECHS
BOBL TECHS: (H0) Heading North
*RES 4: 135.540 1.764 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 3: 135.385 1.618 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 2: 135.260 1.50 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 1: 135.220 High Feb 24
*PRICE: 135.100 @ 04:55 GMT Feb 26
*SUP 1: 134.790 Low Feb 24
*SUP 2: 134.660 Low Feb 18 and 19
*SUP 3: 134.530 Low Feb 12
*SUP 4: 134.527 50-day EMA
Bobl futures maintain a clear bullish tone. The clearance of 134.86, the Feb 18
high this week and more importantly 135.020, the Jan 31 high confirms a
resumption of the recovery that began on Jan 2 and sets the scene for an
extension higher near-term. The 135.135 objective was achieved yesterday and the
focus now shifts to 135.260 next, a Fibonacci projection. On the downside,
initial support is seen at Monday's low of 134.790.

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