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(Z9) Still Sideways *RES 4: 135.322......>

BOBL TECHS
BOBL TECHS: (Z9) Still Sideways
*RES 4: 135.322 50-day EMA
*RES 3: 135.240 High Oct 14
*RES 2: 135.080 Low Sep 13
*RES 1: 134.780 High Oct 17
*PRICE: 134.660 @ 03:26 GMT Oct 25
*SUP 1: 134.410 Low Oct 17 and bear trigger
*SUP 2: 134.040 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 3: 133.796 Projected channel base drawn off Sep 3 high
*SUP 4: 133.615 1.236 projection of Sep 3 - Sep 13 decline from Oct 3 high
Despite trading higher yesterday, Z9 Bobl is unchanged and still consolidating.
The hammer candle formation on Oct 17 is still relevant, signalling a potential
base in the recent downtrend. If prices are able to recover above resistance at
134.780, Oct 17 high, this would confirm a near-term reversal. Momentum studies
are oversold and attempting to unwind this condition. A move below 134.410 is
needed to resume the downtrend.

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