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(H0) Still Likely To Correct Lower.......>

BOBL TECHS
BOBL TECHS: (H0) Still Likely To Correct Lower
*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: 134.770 High Feb 11
*PRICE: 134.640 @ 04:52 GMT Feb 14
*SUP 1: 134.450 Low Feb 6
*SUP 2: 134.410 50-day EMA
*SUP 3: 134.245 Trendline support drawn off the Jan 2 low
*SUP 4: 134.186 61.8% retracement of the Jan 14 - Jan 31 rally
H0 Bobl found support again yesterday however, prices still remain below recent
highs. The near-term outlook is bearish. This follows the recent Dec 31 - Feb 6
sharp pullback that signals the start of a correction. Attention is on support
at 134.450, the Feb 6 low where a break would signal scope for a deeper pullback
and open 134.410, the 50-day EMA and potentially 134.186, a retracement level.
Initial resistance is at 134.770, the Feb 11 high.

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