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(U0) Bearish Price Sequence Intact.......>

BOBL TECHS
BOBL TECHS: (U0) Bearish Price Sequence Intact
*RES 4: 134.665 50-day EMA
*RES 3: 134.620 High May 29 and key trend resistance
*RES 2: 134.490 20-day EMA
*RES 1: 134.380 High Jun 3
*PRICE: 134.030 @ 05:00 BST Jun 10
*SUP 1: 133.790 Low Jun 5 & 1.50 projection of May 18-19 swing from May 22 high
*SUP 2: 133.700 1.618 projection of May 18 - 19 swing from May 22 high
*SUP 3: 133.589 1.764 projection of May 18 - 19 swing from May 22 high
*SUP 4: 133.460 Bear channel base drawn off the May 18 high
Bobl futures rebounded off Friday's low of 133.790. For now, gains are
considered corrective. The break last week of support at 134.600 confirmed a
resumption of the downtrend that has been in place since early May. Furthermore,
a bearish price sequence of lower lows and lower highs remains in place,
reinforcing current conditions. Attention is on 133.790 and 133.700, both
Fibonacci projections. On the upside, resistance is seen at 134.380, Jun 3 high.

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