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Free Access(M18) 130.760 & 131.310 Levels Remain....>
BOBL TECHS: (M18) 130.760 & 131.310 Levels Remain Key
*RES 4: 131.450 High Jan 23 (Cont)
*RES 3: 131.310 High Apr 3
*RES 2: 131.240 High Apr 6
*RES 1: 131.197 100-WMA (Cont)
*PREVIOUS CLOSE: 131.180
*SUP 1: 130.900 Low Apr 10
*SUP 2: 130.816 55-WMA
*SUP 3: 130.778 100-DMA
*SUP 4: 130.760 High Mar 19 now support
*COMMENTARY: Bears failed to capitalise on dips below the 21-DMA (131.031) with
layers of support 130.760-816 where the 100-DMA and 55-WMA are noted. Bears need
a close below 130.760 to shift initial focus back to 130.380-510 where the
55-DMA and bull channel base off Feb lows are found. Bulls continue to look for
a close above 131.310 to kick start bullish momentum and initially focus on
131.450-621 where the bull channel top is situated.
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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.