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(M0) Needle Still Points North *RES 4:...>

BOBL TECHS
BOBL TECHS: (M0) Needle Still Points North
*RES 4: 136.831 1.764 projection of Jan 14 - Jan 31 rally from Feb 6 low
*RES 3: 136.634 1.618 projection of Jan 14 - Jan 31 rally from Feb 6 low
*RES 2: 136.575 1.500 projection of Jan 14 - Jan 31 rally from Feb 6 low
*RES 1: 136.410 High Mar 4
*PRICE: 136.210 @ 05:02 GMT Mar 5
*SUP 1: 135.860 Low Mar 3
*SUP 2: 135.630 Low Feb 28
*SUP 3: 135.500 Low Feb 27
*SUP 4: 135.330 Low Feb 26
Bobl futures remain bullish. The clearance of the late Jan highs on Feb 24 and
25 confirmed a resumption of the recovery that began early January. Bulls remain
firmly in charge and further gains are favoured near-term. The focus is on the
Sep 3 key high (cont) where a break would further reinforce bullish conditions
and confirm a resumption of the long-term uptrend. Key near-term support has
been defined at 135.550, Mar 3 low. The focus is on 136.475.

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