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Free Access(Z9) Watch supports *RES 4: 137.080......>
BOBL TECHS: (Z9) Watch supports
*RES 4: 137.080 1.00 projection of Aug 22 - Sep 3 rally from Sep 4 low
*RES 3: 137.000 Round number resistance
*RES 2: 136.880 Contract high, Sep 3
*RES 1: 136.630 High Sep 4
*PRICE: 136.360 @ 03:16 GMT Sep 5
*SUP 1: 136.220 Low Sep 4
*SUP 2: 136.060 Low Aug 23
*SUP 3: 136.020 Low Aug 22 and key support
*SUP 4: 135.667 50-day EMA
Z9 Bobl faced selling pressure yesterday before finding decent support off the
days low. The broader bull trend remains intact and as long as prices hold above
yesterday's low of 136.220, the focus is on the 136.880 contract high. A break
would open 137.000 and a Fibonacci projection at 138.080. On the downside, sub
136.220 levels and more importantly 136.020, the Aug 22 low would highlight a
bullish failure and the start of a deeper correction.
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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.