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(H9) Onus Remains Higher *RES 3:.........>

BOBL TECHS
BOBL TECHS: (H9) Onus Remains Higher
*RES 3: 132.700 Bull flag breakout target
*RES 2: 132.610 High Aug 17 (continuation chart)
*RES 1: 132.570 High Dec 6
*PRICE: 132.410 @ 21:05 GMT Dec 21
*SUP 1: 131.910 Low Dec 13
*SUP 2: 131.710 Low Nov 19
*SUP 3: 131.710 55-dma
Bobls failed to take out the Dec6 high Thursday (Dec20) with price action
looking increasingly fatigued ahead of the holidays. This remained the case for
much of the Friday (Dec21) session, signalling Bobls are likely to remain
contained until January. To the upside, Bulls keep an eye on the Dec6 highs of
132.57, with 131.91 the near-term support for now. Below here would reignite
downside momentum and open the Nov 19 lows. Bulls need to recover 132.570 to
resume the uptrend opening the bull flag breakout target at 132.700.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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