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(M0) Approaching The Jan Lows *RES 4:....>

BOBL TECHS
BOBL TECHS: (M0) Approaching The Jan Lows
*RES 4: 136.390 High Mar 16
*RES 3: 135.410 High Mar 17
*RES 2: 135.180 High Mar 18
*RES 1: 134.570 Intraday high
*PRICE: 134.080 @ 04:46 GMT Mar 19
*SUP 1: 133.730 Low Mar 18
*SUP 2: 133.670 Low Jan 14 (cont)
*SUP 3: 133.470 Low Jan 2 (cont) and key support
*SUP 4: 133.340 Low May 21 2019 (cont)
Bobl futures futures fell sharply Wednesday as European gov bonds faced
significant selling pressure. The move lower has wiped out almost all of this
year's gains. This week has seen price also trade through the 50-day EMA to
highlight a reversal rather than a correction at this stage. With further
weakness likely, attention is on 133.670, Jan 14 low (cont) and the Jan 2 low of
133.470 (cont). Initial firm resistance is seen at 135.180.

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