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(Z9) Heading Lower *RES 4: 135.547.......>

BOBL TECHS: (Z9) Heading Lower
*RES 4: 135.547 50-day EMA
*RES 3: 135.240 High Oct 14 and key near-term resistance
*RES 2: 135.060 High Oct 15
*RES 1: 134.910 High Oct 16
*PRICE: 134.760 @ 03:31 GMT Oct 17
*SUP 1: 134.740 Low Oct 16
*SUP 2: 134.465 0.764 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 3: 134.046 Projected channel base from Sep 3 high
*SUP 4: 134.000 Round number support
Z9 Bobl was weaker again yesterday as the current downward cycle extends
following the recent convincing break of former support at 135.080. Momentum
studies are still pointing south, reinforcing the current bearish outlook. The
134.728 objective has been achieved and attention turn to 134.465. Both are
Fibonacci projection levels. Firm resistance has been defined at 135.240. As
long as this resistance remains intact, bearish pressure is likely to persist.

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