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(H18) Recovery Now Challenges............>

BOBL TECHS
BOBL TECHS: (H18) Recovery Now Challenges 130.99-131.00 Resistance
*RES 4: 131.43/45 Dec 27, Jan 2 lows, Jan 23 high, 50% Fibo
*RES 3: 131.29 0.5% volatility band
*RES 2: 131.15 38.2% Fibo of 132.74-130.16
*RES 1: 130.99/00 Feb 5 high, Jan 18 low
*PRICE: 130.94 @1123GMT
*SUP 1: 130.76 Hourly support
*SUP 2: 130.61/65 Feb 21 low, hourly congestion Feb 20-21
*SUP 3: 130.48 Feb 20 low
*SUP 4: 130.34 Feb 15 low
*COMMENTARY* Having traded a narrow range for a couple of weeks, today's move
through 130.80-130.85 has given the upside some near term impetus. Next
resistance on the horizon is from the 130.99-131.00 area, needing a further
break above here, before the chance of seeing 131.15-131.29 higher. The latter
the 0.5% volatility band. Support meanwhile comes from 130.76-130.61, loss would
caution. 

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