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Free Access(U18) Above 131.340 To Gain Breathing....>
BOBL TECHS: (U18) Above 131.340 To Gain Breathing Room
*RES 4: 131.860 High June 5
*RES 3: 131.630 High June 8
*RES 2: 131.340 High June 11
*RES 1: 131.150 Hourly support June 11 now resistance
*PREVIOUS CLOSE: 131.070
*SUP 1: 130.900 Low June 12
*SUP 2: 130.810 Low May 24
*SUP 3: 130.722 55-DMA
*SUP 4: 130.590 Low May 22
*COMMENTARY: Losses so far this week see bearish focus currently on the
130.590-900 support region where the 55-DMA is located. Bears then look for a
close below 130.590 to initially pressure the 100-DMA (130.332) with overall
focus on 129.980 Apr lows. Bulls need a close above 131.340 to gain breathing
room and above 132.120 to return focus to 132.660-970 where 2018 highs are
noted. Daily studies approaching O/S is a concern for bears.
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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.