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Bulls Need Close Above.............>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Need Close Above 21-DMA/200-DMA
*RES 4: Php51.005 - 55-DMA 
*RES 3: Php50.953 - 100-DMA 
*RES 2: Php50.810 - High Dec 7 
*RES 1: Php50.516 - 21-DMA, 200-DMA
*PRICE: Php50.290 @ 2300GMT
*SUP 1: Php50.240 - Monthly Low Nov 29 
*SUP 2: Php50.140 - Monthly Low Aug 4 
*SUP 3: Php49.970 - Low June 20 
*SUP 4: Php49.640 - Daily Bear channel base
*COMMENTARY: The lack of follow through on pops above the 200-DMA (Php50.516)
remains a concern for bulls who continue to look for a close above the 21-DMA &
200-DMA to ease bearish pressure and confirm focus on Php50.810-51.030 where 100
& 55-DMAs and the Bollinger band top (50.830) are situated. Bears continue to
look for a close below Php50.240 to return pressure to the key Php49.970-50.140
support region and then the bear channel base.

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