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(Z9) Trading Above Former Channel Top....>

BOBL TECHS
BOBL TECHS: (Z9) Trading Above Former Channel Top
*RES 4: 135.060 High Oct 15
*RES 3: 134.995 38.2% retracement of the Sep 3 - Nov 7 decline
*RES 2: 134.730 High Oct 23 and 24 and key resistance
*RES 1: 134.530 High Nov 20 and bull trigger
*PRICE: 134.400 @ 04:54 GMT Nov 28
*SUP 1: 134.281 Former channel top drawn off the Sep 3 high
*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 holding onto recent gains. Price action on Tuesday traded through the
bear channel resistance at 134.365, drawn off the Sep 3 high. The move through
the trendline is bullish however, we also need to see a break of 134.530, Nov 20
high to reinforce this positive development and signal a reversal. This would
open 134.730, the Oct 23 and 24 high. On the downside, support has been defined
at 134.110. A break would alter the picture.

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