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(H18) 130.29 Support Keeps Potential.....>

BOBL TECHS
BOBL TECHS: (H18) 130.29 Support Keeps Potential Recovery Hopes Alive
*RES 4: 131.12 Jan 24 low, now resistance
*RES 3: 130.99/00 Feb 5 high, Jan 18 low
*RES 2: 130.80 Hourly congestion Feb 5-6
*RES 1: 130.69/71 Feb 13, Feb 9 highs
*PRICE: 130.58 @0840GMT
*SUP 1: 130.29/34 Hourly support, Feb 15 low
*SUP 2: 130.16 Feb 8 low
*SUP 3: 130.10 38.2% Fibo of 122.34-134.89
*SUP 4: 129.89 0.5% volatility band
*COMMENTARY* Has traded within a narrow range all week, with 130.29 support
offering current protection against a return to 130.16 and of the underlying
downtrend, in place since the Dec 7 high at 132.74. To combat this, will need to
see an initial rally through 130.69-130.71 but greater obstacles are seen from
130.80 initially and then the 130.99-131.00 region. Back above the latter would
allow a correction of those losses from 132.74 to take place.

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