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(U9) Finds resistance *RES 4: 137.315....>

BOBL TECHS
BOBL TECHS: (U9) Finds resistance
*RES 4: 137.315 2.618 projection of the Jul 12-Jul 25 rally from Jul 25 low
*RES 3: 137.000 Round number resistance
*RES 2: 136.315 1.618 projection of the Jul 12-Jul 25 rally from Jul 25 low
*RES 1: 136.230 Contract high Aug 15
*PRICE: 136.030 @ 02:48 GMT Aug 19
*SUP 1: 135.820 Low Aug 15
*SUP 2: 135.630 Low Aug 9
*SUP 3: 135.443 Trendline support drawn off the July 12 low
*SUP 4: 135.360 Low Aug 7
U9 Bobl failed to hold onto its highs Friday, resulting in a bearish close for
the day. Whether this is the start of a phase that will allow either a
consolidative pause in the trend or even a correction to unfold, remains to be
seen. The focus is on support at 135.82, the Aug 15 low. A break would allow for
a deeper pullback bringing into focus trendline support at 134.499. Key
resistance is at 136.230, a breach would confirm a resumption of the uptrend.

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