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(Z9) Approaching key support *RES 4:.....>

BOBL TECHS
BOBL TECHS: (Z9) Approaching key support
*RES 4: 137.000 Round number resistance
*RES 3: 136.880 Contract high, Sep 3
*RES 2: 136.630 High Sep 4
*RES 1: 136.560 High Sep 4
*PRICE: 136.170 @ 03:00 GMT Sep 6
*SUP 1: 136.060 Low Aug 23 and Sep 5
*SUP 2: 136.020 Low Aug 22 and key support
*SUP 3: 135.730 Low Aug 7
*SUP 4: 135.686 50-day EMA
Z9 Bobl selling pressure dominated yesterday's session. The focus shifts to key
support at 136.02, the Aug 22 low where a break would further undermine bullish
sentiment and signal potential for a deeper corrective pullback. This would open
135.73, the low of Aug 7. Momentum studies are bearish reinforcing the
developing bearish theme. Initial resistance is at 136.560. The ability to hold
above 136.02 and trade back above 136.560 would alter the picture.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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