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(M18) Hold Above 130.54-130.51 Support...>

BOBL TECHS: (M18) Hold Above 130.54-130.51 Support Propels Bounce
*RES 4: 131.21/24 Apr 18, Apr 6 highs
*RES 3: 131.13 76.4% Fibo of 131.31-130.55
*RES 2: 131.02 61.8% Fibo of 131.31-130.55
*RES 1: 130.90/94 Apr 10, Apr 16 lows, now resistance
*PRICE: 130.84 @1527GMT
*SUP 1: 130.72/75 Hourly support
*SUP 2: 130.63 Hourly high/low Apr 25
*SUP 3: 130.51/54 Mar 19, Mar 21 lows
*SUP 4: 130.40/44 61.8% 129.84-131.31, swing 130.56-130.75
*COMMENTARY* Have now seen the decline reach 130.55, still basically 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 near term oversold conditions and the rally back
through 130.75-130.79 has given a boost and is now approaching resistance from
130.90-130.94, as we claw back losses. Meanwhile, 130.72-130.63 provides
protection against renewed downside.

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