BOBL TECHS: (Z6) Gains Considered Corrective
* RES 4: 114.520 High Aug 25 and a key resistance * RES 3: 114.160 High Aug 27 * RES 2: 113.570/820 High Sep 4 / Low Aug 20 * RES 1: 112.640/112.856 Intraday high / 20-day EMA * PRICE: 112.590 @ 06:07 BST Sep 23 * SUP 1: 111.890 Low Sep 15 and the bear trigger * SUP 2: 111.867 2.764 proj of the Aug 5 - 20 - 25 price swing * SUP 3: 111.640 3.000 proj of the Aug 5 - 20 - 25 price swing * SUP 4: 111.413 3.236 proj of the Aug 5 - 20 - 25 price swing A downtrend in Bobl futures remains firmly in place and short-term gains are for now considered corrective. Note too that the latest pause still appears to be a flag formation - a bearish continuation signal. A resumption of weakness would open 111.867, a Fibonacci projection. Initial firm resistance to watch is at 112.856, the 20-day EMA. Short-term gains would be considered corrective.