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(Z9) Hugging Channel Resistance *RES.....>

BOBL TECHS: (Z9) Hugging Channel Resistance
*RES 4: 135.060 High Oct 15
*RES 3: 134.730 High Oct 23 and 24 and key resistance
*RES 2: 134.530 High Nov 20
*RES 1: 134.365 Channel top drawn off the Sep 3 high
*PRICE: 134.350 @ 04:44 GMT Nov 26
*SUP 1: 134.110 Low Nov 22
*SUP 2: 133.830 Low Nov 7 and key support
*SUP 3: 133.615 1.236 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 4: 133.140 1.500 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Bobl rebounded Friday and attention is on bear channel resistance currently
being hugged at 134.365, drawn off the Sep 3 high. Clearance of this hurdle and
of resistance at 134.530, Nov 20 high would highlight an important break and a
potential reversal. Note, two important bearish candle patterns unfolded last
week, a long legged doji Wednesday and a bearish engulfing Thursday. A breach of
134.110 would likewise mark an important bearish break

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