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(M18) 130.75-130.76 Caps Again, Still....>

BOBL TECHS
BOBL TECHS: (M18) 130.75-130.76 Caps Again, Still Overbought Near Term
*RES 4: 131.15 0.5% volatility band
*RES 3: 131.03/07 50% Fibo of 132.70-129.36, Jan 8 high
*RES 2: 130.89/91 Jan 2 low, 1.618 swing 130.76-130.51
*RES 1: 130.75/76 Mar 16, Mar 19 highs
*PRICE: 130.65 @1705GMT
*SUP 1: 130.51/53 Mar 19 low, Mar 13, Mar 14 highs
*SUP 2: 130.38 Mar 8 high, Mar 13 low
*SUP 3: 130.21 Mar 9 low
*SUP 4: 130.05 Mar 6 low
*COMMENTARY* Managed a move through 130.62-130.64 resistance last Friday,
reaching a high of 130.76 so far, as we head toward the next resistance of note,
the Jan 2 low at 130.89. In the interim, some near term overbought conditions
can preface a pullback, with the Mar 13, Mar 14 highs at 130.53 offering initial
clues. Back below here will caution and suggest scope for a deeper retracement
of gains, initially from the Mar 8 low at 129.84, with 130.38 then next support.

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