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(M18) Pullback Leaves 130.95.............>

BOBL TECHS
BOBL TECHS: (M18) Pullback Leaves 130.95 Protecting 130.88-130.81 Fall
*RES 4: 131.31 Apr 3 high
*RES 3: 131.25 May 3 high
*RES 2: 131.18 Hourly congestion May 4-May 7
*RES 1: 131.10 May 4 low, now resistance
*PRICE: 130.99 @0805GMT
*SUP 1: 130.95/99 Hourly support
*SUP 2: 130.88 May 3 low
*SUP 3: 130.81/82 Apr 30 low, 61.8% of 130.55-131.25
*SUP 4: 130.72/74 76.4% Fibo, Initial rally highs Apr 24
*COMMENTARY* Has been unable to deal with 131.24-131.26 resistance over the last
few days, let alone a return to the early April high at 131.31. Now bowing to
some near term overbought conditions, so eyes will initially be on 130.99-130.95
support. Loss would caution now and suggest scope for a deeper pullback of the
gains seen since the Apr 25 low at 130.55. This would then pull 130.88-130.81
back into the reckoning. Resistance now from 131.10-131.18.

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