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(M18) Fresh Rise Has 131.24-131.31 In....>

BOBL TECHS
BOBL TECHS: (M18) Fresh Rise Has 131.24-131.31 In Sight Again
*RES 4: 131.82 Jan 8 high
*RES 3: 131.56 0.5% volatility band
*RES 2: 131.31 Apr 3 high
*RES 1: 131.24/26 Apr 6, May 3 highs
*PRICE: 131.13 @1625GMT
*SUP 1: 130.99/02 Hourly support
*SUP 2: 130.88 May 3 low
*SUP 3: 130.81 Apr 30 low
*SUP 4: 130.74/75 Initial rally highs Apr 24, now support
*COMMENTARY* Last month saw the decline reach 130.55, in line with a look at the
38.2% Fibo retrace level of this year's preceding 129.36-131.31 rise. Has found
support aided by some oversold conditions and the rally back through
130.75-130.79 has given a boost as has the further break above the 61.8% Fibo
retrace level at 131.02. Above and look to 131.24-131.31 again. Meanwhile,
131.02-130.88 provides initial downside protection.

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