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(Z9) Bearish Focus *RES 4: 134.826.......>

BOBL TECHS
BOBL TECHS: (Z9) Bearish Focus
*RES 4: 134.826 Channel resistance drawn off Sep 3 high
*RES 3: 134.730 High Oct 23/24 and key near-term resistance
*RES 2: 134.490 High Nov 5
*RES 1: 134.410 High Nov 7
*PRICE: 134.00920 @ 04:50 GMT Nov 11
*SUP 1: 133.830 Low Nov 7
*SUP 2: 133.615 1.236 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 3: 133.361 Projected channel base drawn off Sep 3 high
*SUP 4: 133.140 1.500 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Bobl retains a clear bearish outlook following last weeks extension lower.
The breach of former support at 134.26/25, Oct 30 / Nov 6 low confirmed a
resumption of the downtrend that has been in place since Sep 3. With the
downtrend clearly marked, potential is seen for a move towards 133.361, the
projected base of a bear channel drawn off Sep 3 high. On the upside, resistance
has been defined at 134.410, Thursday's high.

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