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(Z9) Impulsive sell-off *RES 4:..........>

BOBL TECHS
BOBL TECHS: (Z9) Impulsive sell-off
*RES 4: 136.360 High Sep 9 and 12
*RES 3: 136.211 Trendline resistance drawn of Sep 3 high
*RES 2: 136.020 Low Aug 22
*RES 1: 135.410 High Sep 13
*PRICE: 135.280 @ 03:27 GMT Sep 16
*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 experienced heavy selling pressure again Friday as the sharp rejection
of Thursday's post ECB high extended and clearly, continues to weigh on
sentiment. A downtrend for now has been defined. Price action is approaching the
next potentially important support at 135.033. This is the 1.618 projection of
Sep 3 - Sep 5 decline from Sep 9 high. For now, bearish pressure dominates with
initial resistance at Friday's 135.410 high.

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