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(M0) Time For A Correction? *RES 4:......>

BOBL TECHS
BOBL TECHS: (M0) Time For A Correction?
*RES 4: 137.984 2.618 projection of Jan 14 - Jan 31 rally from Feb 6 low
*RES 3: 137.825 2.500 projection of Jan 14 - Jan 31 rally from Feb 6 low
*RES 2: 137.710 High Mar 9 and bull trigger
*RES 1: 137.240 High Mar 10
*PRICE: 137.120 @ 04:54 GMT Mar 11
*SUP 1: 136.630/500 Low Mar 10 / Low Mar 6
*SUP 2: 136.090 Low Mar 4
*SUP 3: 135.928 20-day EMA
*SUP 4: 135.860 Low Mar 3
Bobl futures were down sharply at one point yesterday but bounced off the day
low to close near session highs. The strong uptrend has been in overbought
territory for some time and perhaps now we can consider the likelihood of a much
needed technical correction. Attention is on Friday's low of 136.500 where a
break would open support highlighted by the 20-day EMA at 135.928. Initial
resistance this morning is at 137.240, yesterday's high.

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