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Free Access(H9) Jan 3 Highs In Sight *RES 4:........>
BOBL TECHS: (H9) Jan 3 Highs In Sight
*RES 4: 133.480 High Sep 5 2017
*RES 3: 133.410 High May 29 (continuation chart)
*RES 2: 133.100 Channel top )continuation chart)
*RES 1: 133.040 High Jan 3
*PRICE: 132.780 @ 05:23 GMT Jan 11
*SUP 1: 132.497 21-dma
*SUP 2: 132.330 Up trendline support from Nov 2018 lows
*SUP 3: 131.910 Low Dec 13
*SUP 4: 131.200 Low Nov 8
The Jan 3 high at 133.040 are in sight for the bulls as the recovery off the
21-dma gains traction. Above here would target the spike higher seen on the
continuation chart in late May. Bears need to push back below the 21-dma at
132.497 to shift the outlook bearish and target up trendline support at 132.330
ahead of the Dec 13 low at 131.910.
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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.