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(H0) Tests Key Resistance *RES 4:........>

BOBL TECHS
BOBL TECHS: (H0) Tests Key Resistance
*RES 4: 134.970 1.00 projection of Jan 2 - Jan 6 rally from Jan 7 low
*RES 3: 134.765 0.764 projection of Jan 2 - Jan 6 rally from Jan 7 low
*RES 2: 134.638 0.618 projection of Jan 2 - Jan 6 rally from Jan 7 low
*RES 1: 134.53 High Nov 20 and key resistance
*PRICE: 134.300 @ 04:59 GMT Jan 8
*SUP 1: 134.260 Intraday low
*SUP 2: 134.100 Low Jul 7 and key intraday support
*SUP 3: 133.830 Low Jan 3
*SUP 4: 133.470 Low Jan 2 and key support
H0 Bobl maintains a firmer stance following the strong rebound late last week.
Overnight, futures spiked to a high of 134.53 but have since retraced. This has
led to a breach of resistance at 134.420, Dec 12 high. The focus for today will
be on the overnight high of 134.53 that also is the Nov 20 high and the next key
resistance. A break would signal a stronger reversal. On the downside, support
is at 134.100, Tuesday's low.

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