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(Z9) Happy To Consolidate *RES 4:........>

BOBL TECHS
BOBL TECHS: (Z9) Happy To Consolidate
*RES 4: 135.291 50-day EMA
*RES 3: 135.240 High Oct 14
*RES 2: 135.080 Low Sep 13
*RES 1: 134.780 High Oct 17
*PRICE: 134.480 @ 04:25 GMT Oct 28
*SUP 1: 134.410 Low Oct 17 and bear trigger
*SUP 2: 134.040 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 3: 133.753 Projected channel base drawn off Sep 3 high
*SUP 4: 133.615 1.236 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Bobl pulled back Friday and remains unchanged and still consolidating. The
hammer candle formation on Oct 17 is still relevant. This pattern signals a
potential base in the recent downtrend. If prices are able to recover above
resistance at 134.780, Oct 17 high, this would confirm a near-term reversal.
Momentum studies are oversold and attempting to unwind this condition. A move
below 134.410 is needed to instead resume the downtrend.

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