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(H0) Near-Term Outlook Is Bearish *RES...>

BOBL TECHS
BOBL TECHS: (H0) Near-Term Outlook Is Bearish
*RES 4: 134.765 0.764 projection of Jan 2 - Jan 6 rally from Jan 7 low
*RES 3: 134.638 0.618 projection of Jan 2 - Jan 6 rally from Jan 7 low
*RES 2: 134.530 High Nov 20 and High Jan 8 plus key resistance
*RES 1: 133.950 High Jan 9
*PRICE: 133.880 @ 04:53 GMT Jan 13
*SUP 1: 133.720 Low Jan 10 / 76.4% retracement of the Jan 2 - Jan 8 rally
*SUP 2: 133.470 Low Jan 2 and key support
*SUP 3: 133.220 1.236 projection of Nov 20 - Jan 2 decline from Jan 8 high
*SUP 4: 133.065 1.382 projection of Nov 20 - Jan 2 decline from Jan 8 high
H0 Bobl is consolidating. Futures are likely to remain softer following last
week's volatile activity. The pullback on Jan 8 places on hold the recent
bullish focus. Price failed to hold and close above the 50-day EMA, an indicator
used as a reliable trend signal. Clearance of 133.760, Friday's low would reopen
key support and the bear trigger at 133.470, Jan 2 low. On the upside, a break
of 134.530 is needed to confirm a bullish reversal.

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