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(M18) Pullback Has 132.04-132.02.........>

BOBL TECHS: (M18) Pullback Has 132.04-132.02 Support Next
*RES 4: 133.12 May 30 high
*RES 3: 132.88 Initial pullback low May 29, now resistance
*RES 2: 132.76 Hourly recovery high May 30
*RES 1: 132.57/58 Hourly base May 29, intraday high
*PRICE: 132.28 @1720GMT
*SUP 1: 132.02/04 50% 130.64-133.41, 1.618 proj'n from 133.40
*SUP 2: 131.75 May 28 low
*SUP 3: 131.70 61.8% Fibo of 130.64-133.41
*SUP 4: 131.46 Broken 15 month resistance line
*COMMENTARY* The retracement from Monday's 133.41 high continues today. Next
likely area of support comes from between 132.04-132.02. The former a 1.618
projection of the initial 133.41-132.57 fall taken from the 133.40 recovery
high. The latter a 50% Fibo retrace of the 130.64-133.41 rise seen since May 15.
Resistance comes from 132.57, a previous notable low from Monday, above would
allow some near term respite. Otherwise 131.75-131.70 eventually beckons.

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