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(U9) 135.640 pivot support *RES 4:.......>

BOBL TECHS
BOBL TECHS: (U9) 135.640 pivot support
*RES 4: 137.000 Round number resistance
*RES 3: 136.315 1.618 projection of Jul 12-Jul 25 rally from Jul 25 low
*RES 2: 136.240 Contract high Aug 20
*RES 1: 136.15 High Aug 21 and 26
*PRICE: 135.980 @ 02:54 GMT Aug 27
*SUP 1: 135.833/ 640 Trendline support off Jul 12 low/Low Aug 22 and key support
*SUP 2: 135.403 38.2% retracement of Jul 12 - Aug 20 rally
*SUP 3: 135.360 Low Aug 7
*SUP 4: 135.110 High Jul 25
U9 Bobl selling pressure last Thursday resulted in a test and temporary breach
of trendline support. The trendline is drawn off the Jul 12 low. Friday saw the
trendline hold and prices reversed higher. Key support has been defined at
135.640, the low of Aug 22. As long as this level remains intact, the trendline
and the bull trend remains intact too. The focus is on the contract high of
136.24. A break of 135.640 is required to signal scope for a deeper correction.

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