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  • RES 4: 136.030 High Aug 30 , 31
  • RES 4: 135.870 High Sep 3
  • RES 3: 135.660 High Sep 7 and 9 and key near-term resistance
  • RES 2: 135.550 High Sep 14
  • PRICE: 135.430 @ 05:22 BST Sep 21
  • SUP 1: 135.200 Low Sep 17
  • SUP 2: 135.136 2.236 proj of the Aug 20 - 27 - 31 price swing
  • SUP 3: 135.077 2.382 proj of the Aug 20 - 27 - 31 price swing
  • SUP 4: 135.030 2.50 proj of the Aug 20 - 27 - 31 price swing

Bobl futures outlook remains bearish despite yesterday's gains. Last week's weakness once again confirmed an extension of the bearish price sequence of lower lows and lower highs, signalling scope for a continuation lower. The focus is on 135.136 next, a Fibonacci projection. Initial firm resistance is seen at 135.550, Sep 14 high where a break is required to ease current bearish pressure. Short-term upticks are considered corrective.