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(H18) Bears Focused On 130.920-131.350...>

BOBL TECHS
BOBL TECHS: (H18) Bears Focused On 130.920-131.350
*RES 4: 131.975 100-DMA 
*RES 3: 131.880 Hourly support Dec 20 now resistance 
*RES 2: 131.740 High Dec 21 
*RES 1: 131.580 Low Dec 21 now resistance
*PREVIOUS CLOSE: 131.510
*SUP 1: 131.450 Daily Bear channel base
*SUP 2: 131.350 Monthly Low Nov 30 (cont)
*SUP 3: 131.263 Weekly Bollinger band base
*SUP 4: 130.920 Monthly Low Sept 28 (cont)
*COMMENTARY: The sell-off leaves the contract looking heavy with losses
resulting in bearish closes and focus on 130.920-161.350 where the daily bear
channel base is noted. The Bollinger base (131.666) remains the key concern for
bears and sees the move getting a little ahead of itself. Bulls need a close
above 131.740 to ease bearish pressure and above the 100-DMA to hint at a
correction back to 132.240-288.

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