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(U0) Bearish Theme Still Dominates.......>

BOBL TECHS
BOBL TECHS: (U0) Bearish Theme Still Dominates
*RES 4: 134.621 50-day EMA
*RES 3: 134.620 High May 29 and key trend resistance
*RES 2: 134.419 20-day EMA
*RES 1: 134.380 High Jun 3
*PRICE: 134.240 @ 04:50 BST Jun 11
*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: 133.410 2.000 projection of May 18 - 19 swing from May 22 high
Bobl futures are still trading above 133.790, Jun 5 low. For now, recent 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 holds, 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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