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BOBL TECHS
BOBL TECHS: (Z9) In pause mode
*RES 4: 136.360 High Sep 9 and 12
*RES 3: 136.020 Low Aug 22
*RES 2: 135.914 Trendline resistance drawn of Sep 3 high
*RES 1: 135.410 High Sep 13
*PRICE: 135.230 @ 03:34 GMT Sep 20
*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 remains unchanged with consolidation dominating for now. A bearish theme
still prevails following this months sell-off with a price sequence of lower
lows and lower highs intact. 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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