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(H18) 132.70-132.78 The Potential........>

BOBL TECHS
BOBL TECHS: (H18) 132.70-132.78 The Potential Brake To Recent Gains
*RES 4: 133.15 1.618 swing of 132.70-131.97
*RES 3: 133.05 0.5% volatility band
*RES 2: 132.78 76.4% Fibo of 133.36-130.92
*RES 1: 132.70 Nov 8, Dec 6 highs
*PRICE: 132.66 @0820GMT
*SUP 1: 132.40/43 Hourly support
*SUP 2: 132.36 Hourly high/low Dec 4-Dec 5
*SUP 3: 132.24/25 Hourly low Dec 1, Dec 4 low
*SUP 4: 132.10/15 Hourly congestion Nov 29-Dec 1
*COMMENTARY* Found the impetus on Wednesday for another tilt at the Nov 8 high
at 132.70, before once again encountering some near term resistance. In this
respect, look to 132.43-132.36 for some support, only back below the latter then
threatening to spoil recent upside momentum, seen since the 131.97 low on Nov
30. Directly through 132.70 and the 76.4% Fibo retrace level at 132.78 then
becomes the bar to a further 133.05-133.15 rise.

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