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(M0) Southbound *RES 4: 135.480 High.....>

BOBL TECHS
BOBL TECHS: (M0) Southbound
*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: 135.261/263 20- and 50-day EMA
*PRICE: 134.860 @ 04:52 BST Jun 3
*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 are softer and 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. Furthermore, a bearish price sequence of lower lows and lower
highs holds reinforcing current bearish signals. Attention is on 134.770 next,
Apr 23 low. Key S/T resistance has been defined at 135.500, May 22 high with
initial resistance at 135.261/263, the 20- and 50-day EMA.

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