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(Z18) Bearish Trend Still Intact, For....>

BOBL TECHS
BOBL TECHS: (Z18) Bearish Trend Still Intact, For Now
*RES 4: 132.200 Double bottom target 
*RES 3: 131.850 High Aug 17 
*RES 2: 131.680 High Oct 26 
*RES 1: 131.440 High Nov 6 
*PREVIOUS CLOSE: 131.340 
*SUP 1: 131.051 55-dma 
*SUP 2: 130.900 Low Oct 22 
*SUP 3: 130.520 Low Oct 12 
*SUP 4: 130.260 Low Oct 5 
Friday's rally in Bobl futures fell short of the Nov 6 high keeping the trend of
lower highs intact. However, bears need to push back below the 55-dma 131.051 to
regain the momentum to target the Oct 22 low at 130.900. Bulls need to recover
131.440 to return the focus to the upside and the Oct 26 high of 131.680. Above
here brings the Aug 17 high back into play.

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