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Free Access(H18) Above 21-DMA To Ease Bearish.......>
BOBL TECHS: (H18) Above 21-DMA To Ease Bearish Pressure
*RES 4: 130.990 High Feb 5
*RES 3: 130.769 21-DMA
*RES 2: 130.710 High Feb 9
*RES 1: 130.692 Daily Bear channel top
*PREVIOUS CLOSE: 130.620
*SUP 1: 130.520 Low Feb 13
*SUP 2: 130.360 Low Feb 9
*SUP 3: 130.160 2018 Low Feb 8
*SUP 4: 129.841 Daily bear channel base
*COMMENTARY: The 21-DMA and bear channel top confirmed significance capping the
aggressive bounce last week resulting in fresh 2018 & 2+yr lows Thursday. The
lack of follow through Thursday was a concern but daily studies at more neutral
levels provides bears hope. Bulls still need a close above the 21-DMA to ease
bearish pressure and above 131.050 to shift focus to 131.450-520. Below 130.520
provides bears breathing room.
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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.