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Free Access(M18) 130.760 Support Now Key *RES 4:....>
BOBL TECHS: (M18) 130.760 Support Now Key
*RES 4: 131.450 High Jan 23 (Cont)
*RES 3: 131.433 Bollinger band top
*RES 2: 131.310 High Apr 3
*RES 1: 131.217 100-WMA (Cont)
*PREVIOUS CLOSE: 131.110
*SUP 1: 130.953 21-DMA
*SUP 2: 130.811 100-DMA
*SUP 3: 130.804 55-WMA
*SUP 4: 130.760 High Mar 19 now support
*COMMENTARY: Fresh 3mth highs lacked follow through above the 100-WMA last
Tuesday with the topside failures that followed resulting in a break lower and
bears now focused on 130.760. The bounce from the 21-DMA was less than ideal and
buys bulls breathing room but a close above 131.310 is needed to kick start
bullish momentum and initially target 131.450. Bears need a close below the
21-DMA to add weight to their case.
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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.