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(M0) Downtrend Extends *RES 4:...........>

BOBL TECHS
BOBL TECHS: (M0) Downtrend Extends
*RES 4: 135.900/990 High May 18 / High May 8
*RES 3: 135.480 High May 19
*RES 2: 135.500 High May 22 and key near-term resistance
*RES 1: 135.390 High May 26
*PRICE: 135.030 @ 05:08 BST May 27
*SUP 1: 134.970 Low May 26
*SUP 2: 134.820 50.0% retracement of the Mar 19 - May 4 rally
*SUP 3: 134.770 Low Apr 23 and key support
*SUP 4: 134.471 61.8% retracement of the Mar 19 - May 4 rally
Bobl futures sold off again yesterday confirming a resumption of the downtrend
that has been in place since peaking at 136.30 on Apr 5. The move lower
yesterday breached support at 135.12, May 19 low and 135.010, Apr 28 low. This
signals potential for an extension lower towards 134.770 next, Apr 23 low. Price
has also traded through the 20- and 50-day EMAs reinforcing the bearish tone.
Key short-term resistance has been defined at 135.500, May 22 high.

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