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O/S Daily Studies Correcting.......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: O/S Daily Studies Correcting
*RES 4: Php50.810 - High Dec 7 
*RES 3: Php50.500 - 200-DMA 
*RES 2: Php50.350 - High Dec 22 
*RES 1: Php50.247 - 21-DMA
*PRICE: Php50.150 @ 2300GMT
*SUP 1: Php49.930 - High Jan 4 now support 
*SUP 2: Php49.770 - Low June 16 
*SUP 3: Php49.440 - Low June 15 
*SUP 4: Php49.268 - Daily Bear channel base
*COMMENTARY: The lack of follow through on Friday's 6mth lows combined with
daily studies correcting from O/S has resulted in a bounce back towards the
Php50.247-500 resistance region where 21 & 200-DMAs are noted. Correcting O/S
studies add support to the bullish case. Bulls look for a close above the
200-DMA to shift focus to Php50.780-51.030 where 55 & 100-DMAs are noted. Bears
now need a close below Php49.930 to ease pressure on the 21-DMA.

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