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(U17) 132.54 Loss Weakens Recent.........>

BOBL TECHS
BOBL TECHS: (U17) 132.54 Loss Weakens Recent Upside Momentum
*RES 4: 133.38 61.8% Fibo of 134.89-130.95
*RES 3: 133.26 Jun 12 high
*RES 2: 133.21 0.5% volatility band
*RES 1: 132.87/95 Aug 11, Jun 21 highs
*PRICE: 132.62 @1510GMT
*SUP 1: 132.46 Aug 4 high, now support
*SUP 2: 132.37/40 Opening gap Aug 8-Aug 9
*SUP 3: 132.24/27 Aug 7 low, 38.2% Fibo of 131.30-132.87
*SUP 4: 132.14 Jul 24 high, now support
*COMMENTARY* Loss of 132.54 support becomes a worry as near term upside momentum
begins to wane. Eyes next on the 132.46-132.37 area, as further loss here will
add to the concerns and suggest that we may be ready to see a correction of the
gains seen since the Jul 6 low at 131.30. This would begin with a drop to the
132.24-132.27 area. Minor resistance developing around 132.75 now stands in the
way of a 132.87-132.95 return. 

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