(Z18) Key Support Under Threat *RES 4:...>

BOBL TECHS: (Z18) Key Support Under Threat

*RES 4: 133.410 High May 29 (Continuation chart) 

*RES 3: 132.610 High Aug 17 (Continuation chart) 

*RES 2: 132.430 High Aug 22 (Continuation chart) 

*RES 1: 131.670 High Sep 3 

*PREVIOUS CLOSE: 131.250 

*SUP 1: 131.700 Up trendline support from June lows (Continuation chart) 

*SUP 2: 131.660 Low Aug 3 (Continuation chart) 

*SUP 3: 131.360 Low Aug 1 (Continuation chart) 

*SUP 4: 130.780 Low Jun 14 (Continuation chart) 

After breaking below the Aug 29 lows yesterday, the Dec-18 Bobl looks bearish,

with the medium term uptrend from the June lows coming under threat. A break

below here would suggest a large reversal pattern is in play. Bulls need to

break above 131.670 to stabilise the outlook, and close above the Aug 22 high of

132.430 (continuation chart) to re-establish the uptrend.