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(U18) 131.12-131.17 The Bar To Near......>

BOBL TECHS
BOBL TECHS: (U18) 131.12-131.17 The Bar To Near Term Rise
*RES 4: 131.47/49 Hourly highs Jun 8
*RES 3: 131.33/34 Hourly base Jun 8, Jun 11 high
*RES 2: 131.26 Hourly high Jun 11
*RES 1: 131.12/17 Hourly resistance, hourly base Jun 11 
*PRICE: 131.09 @0735GMT
*SUP 1: 130.90/92 Jun 12, Jun 7 lows
*SUP 2: 130.84 May 21 high, now support
*SUP 3: 130.71/75 0.5% vol band, 76.4% Fibo of 130.06-132.97
*SUP 4: 130.63 May 4 high, now support
*COMMENTARY* Tuesday saw a fall to 130.90, just above the May 21 high at 130.84,
this seen as the protection against a drop into the key 130.75-130.63 area.
Oversold as a result but the 131.12-131.17 area has coped with the recovery so
far. Above would help with some further correction of losses from the Jun 8 high
at 131.64 and a 131.26-131.49 bounce. A loss of 130.63 however, would target
130.48 next.

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