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(H18) 130.920-131.050 Resistance Key.....>

BOBL TECHS
BOBL TECHS: (H18) 130.920-131.050 Resistance Key This Week
*RES 4: 131.290 High Jan 24 
*RES 3: 131.050 Low Jan 18 now resistance 
*RES 2: 130.950 High Jan 26 
*RES 1: 130.770 Hourly resistance Jan 26
*PREVIOUS CLOSE: 130.660
*SUP 1: 130.630 2018 Low Jan 26
*SUP 2: 130.390 Monthly Low Nov 14 2016
*SUP 3: 130.380 2016 Low Mar 10
*SUP 4: 130.320 Monthly High Dec 3 2015 now support
*COMMENTARY: Fresh 2018 lows continued Friday with the Bollinger base the key
concern given potential to limit follow through. In saying that, layers of
resistance continue to build and add weight to the bearish case for a move
targeting 130.320-398 where monthly and yearly lows are situated. Bulls now need
a close above 130.920 to ease immediate bearish pressure and above 131.050 to
target a correction back to 131.350-520.

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