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(M0) Outlook Remains Bearish *RES 4:.....>

BOBL TECHS
BOBL TECHS: (M0) Outlook Remains Bearish
*RES 4: 135.480 High May 19
*RES 3: 135.500 High May 22 and key near-term resistance
*RES 2: 135.390 High May 26
*RES 1: 135.291 20- and 50-day EMA
*PRICE: 135.100 @ 04:54 BST Jun 2
*SUP 1: 134.790 Low May 27
*SUP 2: 134.770 Low Apr 23 and key support
*SUP 3: 134.471 61.8% retracement of the Mar 19 - May 4 rally
*SUP 4: 134.380 Low Apr 9
Bobl futures remain bearish. The contract traded lower last week confirming a
resumption of the downtrend that has been in place since peaking at 136.30 on
Apr 5. The move lower also maintains the bearish price sequence of lower lows
and lower highs reinforcing current bearish signals. This has opened 134.770
next, Apr 23 low. Key short-term resistance has been defined at 135.500, May 22
high with initial resistance at 135.291, the 20- and 50-day EMA.

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