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(H9) Bulls Look To January Highs *RES....>

BOBL TECHS
BOBL TECHS: (H9) Bulls Look To January Highs
*RES 4: 133.410 High May 29 (continuation chart)
*RES 3: 133.400 Channel top (continuation chart)
*RES 2: 133.080 High Jan 15
*RES 1: 133.020 High Jan 31
*PRICE: 132.940 @ 06:18 GMT Feb 5
*SUP 1: 132.822 21-dma
*SUP 2: 132.610 Low Jan 18
*SUP 3: 131.910 Low Dec 13
*SUP 4: 131.180 Low Nov 8 (continuation chart)
Bulls continue to look for a break above Thursday's high at 133.020, which would
reignite fresh upside momentum towards the Jan 15 high at 133.080. Above here
would target the channel top at 133.40 ahead of the May 29 spike high. For a
bearish trend change we would need to see a close below the 21dma at 132.822.
Below here would shift the outlook negative and suggest a run at the Jan 18
lows.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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