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(H0) Remains Bearish *RES 4: 134.510.....>

BOBL TECHS
BOBL TECHS: (H0) Remains Bearish
*RES 4: 134.510 High Nov 28
*RES 3: 134.480 High Dec 4 and bull trigger
*RES 2: 134.420 High Dec 12
*RES 1: 134.200 High Dec 18
*PRICE: 134.020 @ 05:03 GMT Dec 27
*SUP 1: 133.740 Low Dec 19
*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 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 downside is seen
likely. Scope is for weakness towards 133.509 next, a Fibonacci projection. On
the upside, near-term key resistance has been defined at 134.200, Dec 18 high. A
beak is required to signal scope for a stronger bounce.

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