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(Z9) Focus Is On Channel Resistance......>

BOBL TECHS
BOBL TECHS: (Z9) Focus Is On Channel Resistance
*RES 4: 135.060 High Oct 15
*RES 3: 134.730 High Oct 23 and 24 and key resistance
*RES 2: 134.532 Channel top drawn off the Sep 3 high
*RES 1: 134.460 High Nov 14
*PRICE: 134.430 @ 04:51 GMT Nov 20
*SUP 1: 134.240 Low Nov 18
*SUP 2: 134.030 Low Nov 13
*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 outlook remains positive following last weeks gains. Resistance at
134.410, Nov 7 high has been breached, signalling potential for an extension of
the recent corrective move higher. Attention is on the bear channel resistance
that intersects at 134.532. Note, a key resistance is located just above at
134.730, Oct 23/24 high. Clearance of this zone is needed to signal a possible
trend reversal. Support for today lies at lies at 134.240.

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