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(Z9) Consolidation Is A Pause In The.....>

BOBL TECHS: (Z9) Consolidation Is A Pause In The Downtrend
*RES 4: 134.742 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: 134.060 @ 04:53 GMT Nov 13
*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: 133.277 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 is consolidating. This is seen as a pause in the downtrend ahead of
further weakness near-term. The breach last week 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 133.277, the projected base of a bear channel drawn off Sep 3 high.
Resistance is at 134.410, Nov 7 high.

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