(Z18) Lower Lows Continue *RES 4:........>

BOBL TECHS: (Z18) Lower Lows Continue

*RES 4: 131.940 High Aug 17 

*RES 3: 131.670 High Sep 3 

*RES 2: 131.440 High Sep 6 

*RES 1: 131.200 High Sep 12 

*PREVIOUS CLOSE: 130.990 

*SUP 1: 130.560 Low Aug 2 

*SUP 2: 130.330 Low Jun 11 

*SUP 3: 130.080 Low May 15 

*SUP 4: 130.020 Low Apr 25 

Lower lows continue to be registered in Dec-18 Bobl futures keeping the bears

firmly in control. The Aug 2 low at 130.56 remains the next downside target and

represents a key support area, with a break below here suggesting a large

topping pattern would be triggered. Bulls need to recover the Sep 12 high of

131.200 to gain some breathing room and stabilize the near term outlook. A rally

above the Sep 6 high at 131.440 would return the focus to the Sep 3 high.