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(M0) Trades Through The 50-day EMA.......>

BOBL TECHS
BOBL TECHS: (M0) Trades Through The 50-day EMA
*RES 4: 137.290 High Mar 11
*RES 3: 136.580 High Mar 13
*RES 2: 136.39 High Mar 16
*RES 1: 136.00 Round number resistance
*PRICE: 135.300 @ 04:56 GMT Mar 17
*SUP 1: 135.220 Intraday low
*SUP 2: 135.140 Low Feb 25
*SUP 3: 135.080 Low Feb 24
*SUP 4: 134.930 Low Feb 19 and 21
Bobl futures fell sharply again yesterday as the correction that unfolded last
week extends. Prices have traded below a key area of support at 135.370 the
50-day EMA. This reinforces current bearish conditions and suggests scope exists
for a deeper pullback. The focus is on a move towards 135.00 and 134.93 next.
The latter is the Feb 19 and 21 low. On the upside, price needs to trade above
136.580, Friday's high to suggest a possible base.

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