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(Z9) Trendline resistance holding *RES...>

BOBL TECHS
BOBL TECHS: (Z9) Trendline resistance holding
*RES 4: 136.560 High Sep 5
*RES 3: 136.360 High Sep 9 and 12
*RES 2: 136.020 Low Aug 22
*RES 1: 135.617/640 T-line resistance drawn of Sep 3 high / High Sep 25
*PRICE: 135.480 @ 03:09 GMT Sep 26
*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 firmer this week however resistance did emerge yesterday and the
contract traded lower. Attention remains on the key trendline resistance at
135.617, drawn off the Sep 3 high. While the trendline remains intact, recent
gains are likely corrective in nature. A reversal would re-focus attention on
the 125.080 low of Sep 13 where a break would confirm a resumption of the
downtrend. Bulls need to see a trendline break to get excited.

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