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Free Access(H18) 131.340 Resistance Confirms........>
BOBL TECHS: (H18) 131.340 Resistance Confirms Significance
*RES 4: 131.720 High Jan 11
*RES 3: 131.520 Low Jan 10 now resistance
*RES 2: 131.496 21-DMA
*RES 1: 131.340 Hourly resistance Jan 11, High Jan 19
*PREVIOUS CLOSE: 131.270
*SUP 1: 131.220 Hourly resistance Jan 19 now support
*SUP 2: 131.050 Low Jan 18
*SUP 3: 130.983 Bollinger band base
*SUP 4: 130.920 2017 Low Sept 28, 2018 Low Jan 12
*COMMENTARY: The dip to 130.92 in past weeks has so far lacked follow through
with the contract pressuring 131.340 last week. Bulls continue to look for a
close above 131.340 to ease bearish pressure and above 131.520 to pressure
131.720-880. While 131.340 caps bears remain focused on the close below 2017/18
lows needed to confirm focus on 130.390-580.
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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.