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Free Access(M18) Bulls Need Close Above 131.310.....>
BOBL TECHS: (M18) Bulls Need Close Above 131.310
*RES 4: 131.349 Bollinger band top
*RES 3: 131.310 High Apr 3
*RES 2: 131.250 High May 3
*RES 1: 131.180 High May 11
*PREVIOUS CLOSE: 131.070
*SUP 1: 130.950 Low May 9
*SUP 2: 130.880 Low May 3
*SUP 3: 130.834 Daily Bull channel base off Feb low
*SUP 4: 130.780 Hourly resistance Apr 26 now support
*COMMENTARY: Topside hesitation ahead of 131.310 Apr highs is less than ideal
for bulls with daily studies at modestly O/B levels. Bears still need a close
below 130.880 to shift focus to layers of support 130.510-834 where the bull
channel base, 55 & 100-DMAs are noted. Bulls continue to look for a close above
131.310 to target the 131.493-997 region where the 200-WMA and bull channel top
are located.
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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.