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(U17) Rally Backs Away From Next.........>

BOBL TECHS
BOBL TECHS: (U17) Rally Backs Away From Next 133.38-133.45 Target Area
*RES 4: 133.63 0.5% volatility band
*RES 3: 133.45 7 week bull channel top projection
*RES 2: 133.36/38 Aug 29 high, 61.8% Fibo of 134.89-130.95
*RES 1: 133.25/29 Hourly resistance
*PRICE: 133.14 @1445GMT
*SUP 1: 133.06 Intraday low
*SUP 2: 132.94 Aug 28 low
*SUP 3: 132.84/89 Aug 25 low, 7 week rising support line
*SUP 4: 132.57 38.2% Fibo of 131.30-133.36
*COMMENTARY* The hold of 132.75 support last week has produced a bout of fresh
strength. This has broken above the top of the previously troublesome
132.87-132.95 resistance and also the 133.10-133.18 swing targets. This now sees
the 133.38-133.45 area as next resistance, a 61.8% Fibo retrace level and the
current top of the 7 week bull channel projection. Support now from the Aug 28
low at 132.94 this then protecting a test to the 7 week uptrend.

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