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Supported Ahead Of 21-DMA *RES.....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Supported Ahead Of 21-DMA
*RES 4: Php52.560 - Low July 18 2006 now resistance 
*RES 3: Php52.085 - Monthly Low July 10 2006 now resistance 
*RES 2: Php51.700 - High Aug 3 2006 
*RES 1: Php51.630 - High Oct 3
*PRICE: Php51.405 @ 2300GMT
*SUP 1: Php51.160 - Low Oct 10 
*SUP 2: Php51.097 - 21-DMA 
*SUP 3: Php50.983 - 55-DMA 
*SUP 4: Php50.852 - Daily Bull channel base
*COMMENTARY: Consolidation above the 21-DMA continues with bulls needing a close
above Php51.700 to confirm focus on the Php52.085-56 region. The Bollinger band
top (Php51.541) and daily studies correcting from modestly O/B levels are seen
as concerns for bulls. In saying that, bears need a close below the 55-DMA to
return pressure o the daily bull channel base.

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