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(Z9) Breaks Lower *RES 4: 135.256........>

BOBL TECHS
BOBL TECHS: (Z9) Breaks Lower
*RES 4: 135.256 50-day EMA
*RES 3: 135.240 High Oct 14
*RES 2: 135.080 Low Sep 13
*RES 1: 134.730 High Oct 23 and key near-term resistance
*PRICE: 134.350 @ 04:45 GMT Oct 29
*SUP 1: 134.310 Low Oct 28
*SUP 2: 134.040 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 3: 133.710 Projected channel base drawn off Sep 3 high
*SUP 4: 133.615 1.236 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Bobl also confirmed a resumption of its downtrend yesterday clearing former
support at 134.410, Oct 17 low. This negates the hammer candle formation on Oct
17 that signalled a potential base. Instead, the break lower paves the way for
weakness towards 134.040 and 133.710. The former is a Fibonacci projection and
the latter the base of a bear channel drawn off Sep 3 high. Key near-term
resistance has been established at 134.73, Oct 23/24 high.

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