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(H18) 131.97 Now The Protection..........>

BOBL TECHS
BOBL TECHS: (H18) 131.97 Now The Protection Against A Further Fall
*RES 4: 132.40 Dec 12 low, hourly recovery high Dec 15
*RES 3: 132.34 Hourly high Dec 18, intraday high
*RES 2: 132.24 Dec 14, Dec 18 lows, now resistance
*RES 1: 132.16/20 Hourly resistance
*PRICE: 131.98 @1650GMT
*SUP 1: 131.97 Nov 30 low
*SUP 2: 131.79 0.5% volatility band
*SUP 3: 131.67 Oct 25 low
*SUP 4: 131.59 38.2% Fibo of 129.74-132.74
*COMMENTARY* The 132.70-132.78 area has proved too tough to break so far this
month. A high of 132.74 before eventually giving way to some overbought
conditions. With the subsequent loss of 132.25-132.24, the key 132.15 level has
also given way today. This sees a loss of recent upside momentum, the Nov 30 low
at 131.97, now the protection against a further 131.79-131.49 fall. Resistance
meanwhile moves down to 132.16-132.24.

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