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Free Access(Z9) Still Trading Sideways *RES 4:......>
BOBL TECHS: (Z9) Still Trading Sideways
*RES 4: 136.020 Low Aug 22
*RES 3: 135.980 50.0% retracement of Sep 3 - Sep 13 decline
*RES 2: 135.768 38.2% retracement of Sep 3 - Sep 13 decline
*RES 1: 135.680 High Sep 27 and 30
*PRICE: 135.540 @ 03:38 GMT Oct 2
*SUP 1: 135.370 Low Sep 24
*SUP 2: 135.150 Low Sep 23
*SUP 3: 135.080 Low Sep 13 and bear trigger
*SUP 4: 135.033 1.618 projection of Sep 3 - Sep 5 decline from Sep 9 high
Z9 Bobl is essentially unchanged although prices did trade lower yesterday
before recovering off the days low. A break of 135.680, Sep 27 high would
provide an early bullish signal and open 135.768, 38.2% retracement of Sep 3 -
Sep 13 decline. The 50% level is at 135.980. This would be an objective if the
first retracement is cleared. On the downside, sub 135.370 levels would instead
suggest the bear trend is resuming.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.