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(M18) 130.05-130.02 Support Still Key....>

BOBL TECHS
BOBL TECHS: (M18) 130.05-130.02 Support Still Key To Near Term Direction
*RES 4: 130.61/64 Jan 22 high, 38.2% Fibo of 132.70-129.36
*RES 3: 130.57 Mar 5 high
*RES 2: 130.45 Hourly recovery high Mar 5
*RES 1: 130.30 Hourly resistance
*PRICE: 130.18 @0910GMT
*SUP 1: 130.11 Hourly support
*SUP 2: 130.02/05 Feb 28, Mar 6 lows
*SUP 3: 129.93/97 Feb 16 high, 50% Fibo of 129.36-130.57
*SUP 4: 129.81/82 Feb 22 low, 61.8% Fibo of 129.36-130.57
*COMMENTARY* The move through 130.28 late last month gave the upside some near
term impetus, reaching a high of 130.57 on Monday, just below the 38.2% Fibo
retrace at 130.64, as we continued to claw back some losses from the December
high at 132.70. The subsequent fall, aided by near term overbought conditions,
now switches attention back to 130.05-130.02 support. Meanwhile, resistance
comes from 130.30 and then the 130.45 hourly recovery high on Monday.

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