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(Z9) Focus Is On The Downside *RES 4:....>

BOBL TECHS: (Z9) Focus Is On The Downside
*RES 4: 135.840 High Oct 3
*RES 3: 135.790 High Oct 9
*RES 2: 135.576 50-day EMA
*RES 1: 135.420 Low Oct 1
*PRICE: 135.030 @ 02:59 GMT Oct 15
*SUP 1: 134.940 Low Oct 11
*SUP 2: 134.728 0.618 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 3: 134.465 0.764 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 4: 134.040 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Bobl is consolidating for now The underlying bearish trend remains intact
however following last weeks move lower that resulted in a break of former
support at 135.080, Sep 13 low. Momentum studies are in a downward cycle too,
reinforcing the bearish theme. Potential is for 134.728 and 134.465, both
Fibonacci projection levels. Firm resistance is seen at 135.420, low Oct 1 where
a break is required to ease the bearish threat.

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