BOBL TECHS: (H5) Cracks Trendline Support

• RES 4: 118.258 61.8% retracement of the Dec 2 - Jan 14 bear leg         
• RES 3: 117.980 High Feb 3 / 5 and a reversal trigger    
• RES 2: 117.600 High Feb 13 and a key short-term resistance    
• RES 1: 117.418 20-day EMA                            
• PRICE: 117.080 @ 07:28 GMT Feb 21
• SUP 1: 116.870 Low Feb 19
• SUP 2: 116.700 Low Jan 30 
• SUP 3: 116.550 Low Jan 24  
• SUP 4: 116.280 Low Jan 14 / 15 and  key support       

Bobl futures remain in a short-term corrective cycle and the contract has extended to new lows. Price has recently traded through support at the 20-day EMA - at 117.430, but more consequentially trendline support drawn from the Jan 15 low at 117.048 has given way. Clearance of the trendline would strengthen a bearish threat and open 116.700, the Jan 30 low. Initial firm resistance to watch is 117.600, the Feb 13 high.