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(Z9) Focus is on key support *RES 4:.....>

BOBL TECHS
BOBL TECHS: (Z9) Focus is on key support
*RES 4: 137.000 Round number resistance
*RES 3: 136.880 Contract high, Sep 3
*RES 2: 136.630 High Sep 4
*RES 1: 136.560 High Sep 4
*PRICE: 136.330 @ 03:04 GMT Sep 9
*SUP 1: 136.060 Low Aug 23 and Sep 5
*SUP 2: 136.020 Low Aug 22 and key support
*SUP 3: 135.730 Low Aug 7
*SUP 4: 135.711 50-day EMA
Z9 Bobl selling pressure dominated last week. Despite Friday's bounce, the focus
is on key support at 136.02, Aug 22 low. A break would undermine bullish
sentiment further and signal potential for a deeper correction. This would open
135.73, the low of Aug 7. Momentum studies are pointing lower reinforcing the
developing bearish theme. Initial resistance is 136.560, Thursday's high. If
136.02 holds and prices move above 136.560, this would alter the picture.

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