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(Z9) Trendline Breach Not Relevant.......>

BOBL TECHS
BOBL TECHS: (Z9) Trendline Breach Not Relevant
*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
*PRICE: 135.620 @ 03:35 GMT Sep 30
*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 held onto last weeks gains at the close Friday. Price action has traded
through trendline resistance drawn off the Sep 3 high. However this has occurred
with activity consolidating, and for now the break is insignificant in terms of
providing a directional signal. A break of last week's 135.68 high would support
a bullish outlook. This would open the 135.768 retracement level. On the
downside, weakness below 135.370 would suggest a resumption of the bear trend.

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