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(M18) Peaks At 133.41 Before Conceding...>

BOBL TECHS
BOBL TECHS: (M18) Peaks At 133.41 Before Conceding Some Ground
*RES 4: 133.70 76.4% Fibo of 134.89-129.84
*RES 3: 133.41 Intraday high
*RES 2: 133.22 Initial intraday pullback low, now resistance
*RES 1: 133.05 Hourly resistance
*PRICE: 133.04 @1524GMT
*SUP 1: 132.65/75 Hourly support
*SUP 2: 132.57 May 28 high, now support
*SUP 3: 132.34 Hourly base May 28
*SUP 4: 132.14/18 Hourly low/high May 25
*COMMENTARY* Has continued to post gains following last Wednesday's rally
through the 15 month falling resistance line, at 131.41. Has reached a high of
133.41 today, before retreating on the back of some heavily overbought
conditions. Support in this respect comes from between 132.75-132.65 and then
the May 28 high at 132.57. Further loss here would allow a deeper 132.34-132.14
correction. Meanwhile 133.05 then 133.22 bars the way higher again.

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