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Free Access(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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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.