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(Z9) Still heavy *RES 4: 136.880.........>

BOBL TECHS
BOBL TECHS: (Z9) Still heavy
*RES 4: 136.880 Contract high, Sep 3
*RES 3: 136.560 High Sep 5
*RES 2: 136.360 High Sep 9
*RES 1: 136.170 High Sep 10
*PRICE: 135.970 @ 02:48 GMT Sep 12
*SUP 1: 135.850 Low Sep 11
*SUP 2: 135.746/730 50-day EMA / Low Aug 7
*SUP 3: 135.540 1.00 projection of Sep 3 - Sep 5 decline from Sep 9 high
*SUP 4: 135.730 Low Aug 7
Z9 Bobl bearish pressure remains intact despite yesterday's recovery. The recent
move below support at 136.02, Aug 22 low continues to weigh with momentum
studies also pointing down. There is potentially a strong area of support around
the 50-day EMA that currently intersects at 135.746. While this support could
limit bearish pressure, for now the evidence continues to suggest potential for
further downside. Resistance is at 136.36.

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