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Free Access(U18) 132.330 Resistance Remains Key.....>
BOBL TECHS: (U18) 132.330 Resistance Remains Key
*RES 4: 132.360 Bollinger band top
*RES 3: 132.330 High July 2
*RES 2: 132.260 Hourly support July 13 now resistance
*RES 1: 132.180 Alternating support/resistance
*PREVIOUS CLOSE: 132.110
*SUP 1: 132.000 Low July 10
*SUP 2: 131.890 Low July 5
*SUP 3: 131.770 High June 18 now support, Low June 29
*SUP 4: 131.490 Hourly resistance June 14 now support
*COMMENTARY: The hesitation at the 133.330 resistance continues with narrowing
Bollinger bands hinting at a breakout in the near future. Bears continue to look
for a close below 132.000 to shift focus to the key 131.770 support. Bulls
continue to look for a close above 132.330 to reconfirm a bullish bias and
initially target 132.660-970. Overall below the 55-DMA (131.432) is needed to
end bullish hopes and shift overall focus back to 129.98.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.