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(H18) Below 131.610 Targets..............>

BOBL TECHS
BOBL TECHS: (H18) Below 131.610 Targets 130.920-131.350
*RES 4: 132.240 Low Dec 18 now resistance 
*RES 3: 132.100 Hourly resistance Dec 19 
*RES 2: 131.958 100-DMA 
*RES 1: 131.880 Hourly support Dec 20 now resistance
*PREVIOUS CLOSE: 131.730
*SUP 1: 131.610 Monthly Low Oct 6
*SUP 2: 131.511 Daily Bear channel base
*SUP 3: 131.350 Monthly Low Nov 30 (cont)
*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 firmly on tests of 131.610. Daily studies
are well placed for losses before O/S is an issue. Layers of resistance left in
the wake add to bearish confidence. Bears look for a close below 131.610 to
shift focus to 130.920-131.350. Bulls now need a close above the 100-DMA to ease
bearish pressure and hint at a correction back to 132.240-353.

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