(Z18) Sharp Downtrend Gives Way *RES.....>

BOBL TECHS: (Z18) Sharp Downtrend Gives Way

*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: 130.900 

*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 

Dec-18 Bobl futures managed to claw back some losses late last week and break

out of the acute downtrend in place since the start of the month. In order to

shift the outlook positive, bulls need to overcome the Sep 12 high at 131.200,

which would open up a return the to Sep 3 high at 131.670. However, the broader

trend remains downward for now and a break below the 130.640 Sep 19 high would

bring the Aug 2 low into focus again.