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(H0) Recent Gains Likely A Correction....>

BOBL TECHS
BOBL TECHS: (H0) Recent Gains Likely A Correction
*RES 4: 135.260 1.500 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 3: 135.135 1.382 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 2: 135.020 High Jan 31
*RES 1: 134.820 High Feb 5
*PRICE: 134.640 @ 04:54 GMT Feb 10
*SUP 1: 134.430 Low Jan 29
*SUP 2: 134.356 50-day EMA
*SUP 3: 134.186 61.8% retracement of the Jan 14 - Jan 31 rally
*SUP 4: 134.080 Low Jan 23
H0 Bobl is trading above off recent lows. The near-term risk however remains
bearish. This follows last week's pullback marking an unwinding of the
overbought condition that recently existed. Attention is on support at 134.430,
Jan 29 low where a break would signal scope for a deeper pullback and open
134.367, the 50-day EMA and potentially 134.186, a retracement level. On the
upside, initial resistance is 134.820, the Jan 5 high.

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