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(H0) Outlook Remains Bearish *RES 4:.....>

BOBL TECHS
BOBL TECHS: (H0) Outlook Remains Bearish
*RES 4: 134.510 High Nov 28 and bull trigger
*RES 3: 134.480 High Dec 4
*RES 2: 134.420 High Dec 12
*RES 1: 134.200 High Dec 18
*PRICE: 134.990 @ 05:00 GMT Dec 30
*SUP 1: 133.740 Low Dec 19 and bear trigger
*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 is consolidating but remains bearish. On Dec 19, futures registered a
low print of 133.740, below the key support of 133.770, low Dec 13. This
confirmed a resumption of the downtrend and with bearish conditions still
intact, further weakness is likely. Scope is for a move towards 133.509 next, a
Fibonacci projection. Near-term key resistance has been defined at 134.200, Dec
18 high. A break is required to signal scope for a stronger bounce.

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