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(H0) Near-Term Outlook Still Bearish.....>

BOBL TECHS
BOBL TECHS: (H0) Near-Term Outlook Still 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: 133.790 @ 04:48 GMT Jan 15
*SUP 1: 133.670 Low Jan 14
*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 unchanged and likely to remain softer near-term. The pullback on Jan
8 off the high of 134.530 places on hold the recent bullish focus. The bearish
significance of the sell-off has been reinforced by the fact price also failed
to hold and close above the 50-day EMA, an indicator used as a reliable trend
signal. The focus is on key support and the bear trigger at 133.470, Jan 2 low.
On the upside, a break of 134.530 is needed to highlight a bullish reversal.

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