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Free Access(H18) 121.290 Resistance Key Today.......>
BOBL TECHS: (H18) 121.290 Resistance Key Today
*RES 4: 131.450 High Jan 23
*RES 3: 131.290 High Jan 24
*RES 2: 131.200 55-DMA
*RES 1: 131.120 Low Jan 24 now resistance
*PREVIOUS CLOSE: 131.060
*SUP 1: 130.710 Low Feb 23
*SUP 2: 130.610 Lows Feb 21 & 22
*SUP 3: 130.480 Low Feb 20
*SUP 4: 130.340 Low Feb 15
*COMMENTARY: The break of 131.050 lacked follow through Monday with bulls now
needing a close above 131.290 to confirm a break of the 55-DMA and shift initial
focus to 131.450-520. The Bollinger top (131.070) is the key concern and
currently limits follow through. Bears look for a close below 130.710 to ease
bullish pressure. Below the 160.610 is now needed to return initial focus to
130.160 2018 lows.
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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.