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(M9) Range Contracts Further *RES 3:......>

JGB TECHS
JGB TECHS: (M9) Range Contracts Further
*RES 3: 154.01 - 28 July 2016 High
*RES 2: 153.80 - 29 August 2016 High
*RES 1: 153.00 - Up trendline Resistance
*PRICE: 152.83 @ 16:28 GMT, Mar 14
*SUP 1: 152.69 - 50-DMA
*SUP 2: 152.41 - 6 March Low
*SUP 3: 151.94 - 100-DMA
Thursday trade was even quieter, with a mere 4 tick range, keeping the wider
technical picture unchanged. Up trendline resistance at 153.00 remains the first
target for bulls, who need to recover above here to regain momentum that has
petered out slightly over the past fortnight. Any recovery above the mark opens
153.80 in the medium-term and the 28 July 2016 high at 154.01. To the downside,
the 23.6% retracement level at 152.23 remains in view, but the 50-dma remains
key support at 152.69 ahead of the 100-dma & Dec 13 low at 151.94/51.

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