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(U9) Bullish with trendline intact.......>

BOBL TECHS
BOBL TECHS: (U9) Bullish with trendline intact
*RES 4: 137.000 Round number resistance
*RES 3: 136.720 2.000 projection of Jul 12-Jul 25 rally from Jul 25 low
*RES 2: 136.315 1.618 projection of Jul 12-Jul 25 rally from Jul 25 low
*RES 1: 136.260 Contract high, Aug 30 and High Sep 2
*PRICE: 136.210 @ 02:55 GMT Sep 3
*SUP 1: 136.111 Trendline support drawn off Jul 12 low
*SUP 2: 135.950 Low Aug 29
*SUP 3: 135.890 Low Aug 26
*SUP 4: 135.640 Low Aug 22 and key support
U9 Bobl remains bullish following the print of a fresh contract high Friday,
confirming a resumption of the uptrend. Trendline support drawn off the July 12
low, at 136.111 remains intact. Furthermore, key support is at 135.640, Aug 22
low. As long as this level holds, the bull trend remains in place with sights on
136.315 . A trendline break and breach of 135.640 signals a top. Momentum in
this instance would likely be bearish too, reinforcing a reversal threat.

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