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(M9) Bulls Look To Recover 21-DMA *RES...>

BOBL TECHS
BOBL TECHS: (M9) Bulls Look To Recover 21-DMA
*RES 4: 133.320 High Feb 26 (continuation chart) 
*RES 3: 133.310 High Mar 27 
*RES 2: 133.150 High Apr 10 
*RES 1: 132.858 21-dma 
*PRICE: 132.700 @ 05:00 GMT Apr 16 
*SUP 1: 132.542/580 Low 55-dma/Low Apr 15
*SUP 2: 132.440 Low Mar 21 
*SUP 3: 132.230 Low Mar 19 
*SUP 4: 131.910 Low Mar 4 
Bobl futures extended their selloff yesterday but remained clear of 55-dma
support at 132.542 before a slight bounce stabilised the outlook. Bulls now look
to recover the 21-dma at 132.858 to allow a run at the April 10 high of 133.150.
A break above here is needed to return the outlook positive. Bears look for a
close below yesterday's low and the 55-dma at 132.580/542 to extend the selloff
towards the March 21 low at 132.440. 

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