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(Z9) Downtrend intact *RES 4: 136.360....>

BOBL TECHS
BOBL TECHS: (Z9) Downtrend intact
*RES 4: 136.360 High Sep 9 and 12
*RES 3: 136.137 Trendline resistance drawn of Sep 3 high
*RES 2: 136.020 Low Aug 22
*RES 1: 135.410 High Sep 13
*PRICE: 135.310 @ 03:37 GMT Sep 17
*SUP 1: 135.080 Low Sep 13
*SUP 2: 135.033 1.618 projection of Sep 3 - Sep 5 decline from Sep 9 high
*SUP 3: 134.720 2.000 projection of Sep 3 - Sep decline from Sep high
*SUP 4: 134.213 2.618projection of Sep 3 - Sep decline from Sep high
Z9 Bobl was relatively quiet yesterday. A bearish outlook remains intact
following significantly sharp losses Thursday and Friday which is still likely
weighing on sentiment. A downtrend for now has also been defined. Price action
is approaching the next potentially important support at 135.033. This is the
1.618 projection of Sep 3 - Sep 5 decline from Sep 9 high. Initial resistance is
at Friday's 135.410 high.

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