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(Z18) Recovery Efforts Fail Again *RES...>

BOBL TECHS
BOBL TECHS: (Z18) Recovery Efforts Fail Again
*RES 4: 132.200 Double bottom target 
*RES 3: 131.850 High Aug 17 
*RES 2: 131.680 High Oct 26 
*RES 1: 131.440 High Nov 6 
*PREVIOUS CLOSE: 131.290 
*SUP 1: 131.067 55-dma 
*SUP 2: 130.900 Low Oct 22 
*SUP 3: 130.520 Low Oct 12 
*SUP 4: 130.260 Low Oct 5 
Bobl futures broke above Monday's high yesterday but were unable to cling to
gains as selling pressure emerged to return the focus lower. The 55-dma remains
the downside target, coming in at 131.067, below which would extend the selloff
towards the Oct 22 low at 130.900. Bulls need to recover yesterday's high at
131.440 to return the focus to the upside and the Oct 26 high of 131.680. Above
here brings the Aug 17 high back into play. 

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