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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: 133.41 May 29 high
*RES 3: 133.24 May 29 close
*RES 2: 133.12 Intraday high
*RES 1: 132.98/02 Hourly resistance
*PRICE: 132.68 @0735GMT
*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. Reached a high of
133.41 Tuesday, before retreating on the back of some heavily overbought
conditions. Support in this respect comes from between 132.65 and the May 28
high at 132.57. Further loss here would allow a deeper 132.34-132.14 correction.
Meanwhile 133.12-133.24 bars the way higher again.

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