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(Z9) Bearish pressure *RES 4: 136.880....>

BOBL TECHS: (Z9) Bearish pressure
*RES 4: 136.880 Contract high, Sep 3
*RES 3: 136.560 High Sep 5
*RES 2: 136.360 High Sep 9
*RES 1: 136.170 High Sep 10
*PRICE: 135.910 @ 02:59 GMT Sep 11
*SUP 1: 135.853 0.618 projection of Sep 3 - Sep 5 decline from Sep 9 high
*SUP 2: 135.736/730 Low Aug 7 / 50-day EMA
*SUP 3: 135.540 1.00 projection of Sep 3 - Sep 5 decline from Sep 9 high
*SUP 4: 135.730 Low Aug 7
Z9 Bobl bearish pressure continues to dominate. The key support at 136.02, Aug
22 low has been cleared. This undermines bullish sentiment further and signals
potential for a deeper correction near-term. Momentum studies are pointing south
too reinforcing the bearish theme. Note though that prices are approaching an
important area of support at 135.736, the 50-day EMA, and the 135.730 objective,
Aug 7 low. The outlook is bearish though below 136.36.

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