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BOBL TECHS
BOBL TECHS: (Z9) Happy to consolidate
*RES 4: 136.360 High Sep 9 and 12
*RES 3: 136.020 Low Aug 22
*RES 2: 135.840 Trendline resistance drawn of Sep 3 high
*RES 1: 135.410 High Sep 13
*PRICE: 135.290 @ 03:42 GMT Sep 23
*SUP 1: 135.080 Low Sep 13
*SUP 2: 135.033 1.618 projection of Sep 3 - Sep 5 decline from Sep 9 high
*SUP 3: 134.720 2.000 projection of Sep 3 - Sep decline from Sep high
*SUP 4: 134.213 2.618projection of Sep 3 - Sep decline from Sep high
Z9 Bobl ended the week unchanged, continuing to consolidate. A bearish theme
prevails following this months sell-off with the trend maintaining a price
sequence of lower lows and lower highs. Price action is trading just ahead of
the next objective, and potentially an important support at 135.033. This is the
1.618 projection of Sep 3 - Sep 5 decline from Sep 9 high. A break would open
134.720. Initial resistance remains 135.410, the high Sep 13.

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