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BOBL TECHS: (M9) Downside Momentum Emerges
*RES 4: 133.500 Bull flag breakout target
*RES 3: 133.320 High Feb 8 (continuation chart)
*RES 2: 133.310 High Mar 27
*RES 1: 133.150 High Apr 10
*PRICE: 132.870 @ 05:09 GMT May 2
*SUP 1: 132.637/641 55-dma/Low Apr 17
*SUP 2: 132.440 Low Mar 21
*SUP 3: 132.230 Low Mar 19
*SUP 4: 131.910 Low Mar 4
Bobl futures have seen some downside momentum resume following the recent
failure to take out the April 10 highs, which shifts the focus to the downside.
Bears now look for a break below the 55-dma and the April 17 low at 132.637/641
to open the May 21 low at 132.440. Below here brings the March 19 low at 132.230
into play. Bulls continue to target the 133.150 level marking the April 10 high,
with a break above here needed to open a run at the March 27 contract high.