(Z18) Dip Buying Keeps Bulls On Top......>

BOBL TECHS: (Z18) Dip Buying Keeps Bulls On Top

*RES 4: 133.410 High May 29 

*RES 3: 132.200 Double bottom target 

*RES 2: 131.850 High Aug 17 

*RES 1: 131.680 High Oct 26 

*PREVIOUS CLOSE: 131.550 

*SUP 1: 131.260 Low Oct 25 

*SUP 2: 130.900 Low Oct 22 

*SUP 3: 130.520 Low Oct 12 

*SUP 4: 130.260 Low Oct 5 

Bobl futures dipped to 131.360 yesterday before recovering all their losses to

return the focus back to last Friday's high at 131.680. This is the last line of

defense for bears ahead of the Aug 17 high at 131.850. A break above here would

target from the double-bottom target at 132.200. Bears need to close below

Thursday's low of 131.260 to stabilize the outlook and allow a potential

challenge of the Oct 12 lows at 130.520.