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(Z9) Key Support To Watch Lies At........>

BOBL TECHS
BOBL TECHS: (Z9) Key Support To Watch Lies At 134.110
*RES 4: 134.995 38.2% retracement of the Sep 3 - Nov 7 decline
*RES 3: 134.730 High Oct 23 and 24 and key resistance
*RES 2: 134.530 High Nov 20 and bull trigger
*RES 1: 134.490 High Nov 28
*PRICE: 134.210 @ 04:52 GMT Dec 2
*SUP 1: 134.190 Former channel top area and intraday low
*SUP 2: 134.110 Low Nov 22
*SUP 3: 133.830 Low Nov 7 and key support
*SUP 4: 133.615 1.236 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Bobl is weaker this morning. Activity last week managed to breach the bear
channel resistance drawn off the Sep 3 high. The break is bullish, however we
also still need to see a move above 134.530, Nov 20 high to reinforce this
positive development. The lack of any upside follow through since the break
though is a concern for bulls. Clearance of support at 134.110 would negate the
trendline break and instead highlight a potential bearish threat.

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