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(M18) Rally Through 131.63 Tempered By...>

BOBL TECHS
BOBL TECHS: (M18) Rally Through 131.63 Tempered By Upper Volatility Band
*RES 4: 132.37 50% Fibo of 134.89-129.84
*RES 3: 132.06 76.4% Fibo of 132.74-129.84
*RES 2: 131.82 Jan 8 high
*RES 1: 131.76 0.5% volatility band
*PRICE: 131.71 @1518GMT
*SUP 1: 131.46/52 Broken 15 month res line, hourly support
*SUP 2: 131.38 Intraday low
*SUP 3: 131.25 May 3, May 10 highs, now support
*SUP 4: 131.11 May 22 low
*COMMENTARY* Has continued to post gains following Wednesday's rally through the
15 month falling resistance line at 131.46, today seeing a rise through dual
resistance from 131.63. The rally has so far been tempered by the upper 0.5%
volatility band at 131.76. As a result, support also on the rise, 131.52
initially ahead of that resistance line at 131.46, although it would currently
take a drop back below the day's 131.38 low to disrupt the recent uptrend.

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