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(Z9) Consolidates Above Former Channel...>

BOBL TECHS
BOBL TECHS: (Z9) Consolidates Above Former Channel Top
*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: 134.390 @ 05:01 GMT Nov 29
*SUP 1: 134.239 Former channel top drawn off the Sep 3 high
*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 is holding onto recent gains while at the same time consolidating. Price
action on Tuesday saw bear channel resistance at 134.365 breached, 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. This would open 134.730, the Oct 23 and 24 high. Support has
been defined at 134.110, a break would alter the picture.

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