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Free Access(H18) Above 132.70 Targets Bull..........>
BOBL TECHS: (H18) Above 132.70 Targets Bull Channel Top
*RES 4: 132.940 Daily Bull channel top
*RES 3: 132.700 Monthly High Nov 8
*RES 2: 132.620 Bollinger band top
*RES 1: 132.570 Low Nov 7 now resistance
*PREVIOUS CLOSE: 132.520
*SUP 1: 132.430 Hourly resistance Dec 5 now support
*SUP 2: 132.340 Hourly support Dec 5
*SUP 3: 132.250 Low Dec 4
*SUP 4: 132.141 55-DMA
*COMMENTARY: The recovery from last week's dips below the 55-DMA have seen bulls
regain the upper hand and focus back on 132.570-700 where the 55-DMA and Nov
highs are situated. Layers of support are accumulating with bears needing a
close below 132.430 to ease immediate bearish pressure and below 132.250 to
shift focus back to 131.970-132.141 where the bull channel base and 55-DMA are
located.
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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.