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(H2) Under Pressure

  • RES 4: 133.142 50-day EMA
  • RES 3: 132.428 20-day EMA
  • RES 2: 132.060 High Feb 3
  • RES 1: 131.150 Intraday high
  • PRICE: 130.870 @ 05:16 GMT Feb 4
  • SUP 1: 130.510 Low Oct 12, 2018 (cont
  • SUP 2: 130.320 Low Oct 10, 2018 (cont)
  • SUP 3: 130.260 Low Oct 5, 2018 (cont)
  • SUP 4: 130.000 Psychological round number

Bobl futures remain bearish as the downtrend accelerated yesterday. Futures are again trading lower this morning. This week’s breach of support at 132.40, Jan 19 low, confirmed a resumption of the underlying downtrend and resumed the bearish price sequence of lower lows and lower highs. Moving averages also point south. Attention is on 130.510 next, the Oct 12, 2018 low (cont). Yesterday’s high of 132.060 is a firm resistance.

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