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(Z9) Extends Move Lower *RES 4:..........>

BOBL TECHS
BOBL TECHS: (Z9) Extends Move Lower
*RES 4: 135.240 High Oct 14
*RES 3: 135.080 Low Sep 13
*RES 2: 134.730 High Oct 23 and key near-term resistance
*RES 1: 134.530 High Oct 28
*PRICE: 134.430 @ 04:50 GMT Oct 31
*SUP 1: 134.260 Low Oct 30
*SUP 2: 134.040 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 3: 133.655 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 traded lower yesterday to maintain a bearish outlook and extend the
current downtrend. The break lower paves the way for weakness towards 134.040
and 133.655. 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 134.730, Oct 23/24 high where a break is required to alter the picture and
also signal a reversal.

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