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(H18) Recovery Falters Below 2 Month.....>

BOBL TECHS
BOBL TECHS: (H18) Recovery Falters Below 2 Month Falling Resistance Line
*RES 4: 131.43/45 Dec 27, Jan 2 lows, Jan 23 high
*RES 3: 131.21 38.2% Fibo of 132.74-130.26
*RES 2: 131.17 76.4% Fibo of 131.45-130.26
*RES 1: 131.00/05 Jan 18 low, 61.8% Fibo of 131.45-130.26
*PRICE: 130.44 @0925GMT
*SUP 1: 130.34 Feb 7 low
*SUP 2: 130.26 Feb 2 low
*SUP 3: 130.10 38.2% Fibo of 122.34-134.89
*SUP 4: 129.87 0.5% volatility band
*COMMENTARY* Having found support from 130.26 last week, the recovery from there
aided by near term oversold conditions  reached 130.99. This leaving us shy of
the 2 month falling resistance line, now at 130.90 by time today and higher
131.00-131.05 resistance. The subsequent fall aims to test 130.26 again, loss
would suggest scope to see the 38.2% Fibo level at 130.10 and potentially
129.87-129.72.

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