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(Z9) Breaches Channel Resistance *RES....>

BOBL TECHS
BOBL TECHS: (Z9) Breaches Channel Resistance
*RES 4: 135.060 High Oct 15
*RES 3: 134.995 38.2% retracement of the Sep 3 - Nov 7 decline
*RES 2: 134.730 High Oct 23 and 24 and key resistance
*RES 1: 134.530 High Nov 20 and bull trigger
*PRICE: 134.420 @ 04:53 GMT Nov 27
*SUP 1: 134.27 Low Nov 25
*SUP 2: 134.110 Low Nov 22
*SUP 3: 133.830 Low Nov 7 and key support
*SUP 4: 133.615 1.236 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Bobl was firmer Tuesday extending the rebound off Friday's low. Price action
has traded through the bear channel resistance at 134.365, drawn off the Sep 3
high. The move through the trendline is bullish however, we also need to see a
break of 134.530, Nov 20 high to reinforce this positive development and signal
a reversal. On the downside, support has been defined at 134.110. A break would
alter the picture.

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