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(Z9) Scope For S/T Gains *RES 4:.........>

BOBL TECHS
BOBL TECHS: (Z9) Scope For S/T Gains
*RES 4: 136.360 High Sep 12
*RES 3: 136.192 61.8% retracement of Sep 3 - Sep 13 decline
*RES 2: 135.980 50.0% retracement of Sep 3 - Sep 13 decline
*RES 1: 135.840 High Oct 3
*PRICE: 135.760 @ 02:55 GMT Oct 7
*SUP 1: 135.420 Low Oct 1 and key intraday support
*SUP 2: 135.370 Low Sep 24
*SUP 3: 135.150 Low Sep 23
*SUP 4: 135.080 Low Sep 13 and bear trigger
Z9 Bobl failed Friday to clear resistance at 135.840. Potential however is seen
for further S/T gains following the recent breach of former resistance at
135.680, Sep 27 high late last week that ended the recent consolidation.
Furthermore, 135.768, 38.2% of Sep 3 - Sep 13 decline has also been cleared
opening the 50% level at 135.980. A move above the 50% retracement would expose
136.192. The potential for gains remains while support at 135.42 holds.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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