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(Z18) Lower Highs Keeps Near-Term........>

BOBL TECHS
BOBL TECHS: (Z18) Lower Highs Keeps Near-Term Focus Lower
*RES 4: 133.410 High May 29 
*RES 3: 132.200 Double bottom target 
*RES 2: 131.850 High Aug 17 
*RES 1: 131.680 High Oct 26 
*PREVIOUS CLOSE: 131.390 
*SUP 1: 131.270 Low Nov 1 
*SUP 2: 130.900 Low Oct 22 
*SUP 3: 130.520 Low Oct 12 
*SUP 4: 130.260 Low Oct 5 
Bobl futures were unable to maintain gains above down trendline resistance from
the Oct 26 peak, which saw the contract post another lower high, keeping the
focus on the downside. A break below yesterday's low at 131.270 would extend the
selloff towards the Oct 22 low at 130.900, below which the bigger picture
outlook would turn bearish. Bulls need to recover  yesterday's high at 131.450
to provide fresh impetus to the rally, allowing a challenge of the Oct 26 high. 

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