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(U18) Below 131.770 To Gain Breathing....>

BOBL TECHS
BOBL TECHS: (U18) Below 131.770 To Gain Breathing Room
*RES 4: 132.970 Monthly High May 29 
*RES 3: 132.660 High May 30 
*RES 2: 132.554 Bollinger band top 
*RES 1: 132.280 High June 22
*PREVIOUS CLOSE: 132.160
*SUP 1: 131.980 Hourly support June 21
*SUP 2: 131.770 High June 18 now support
*SUP 3: 131.490 Hourly resistance June 14 now support
*SUP 4: 131.190 High June 13 now support
*COMMENTARY: Gains resumed Thursday with the close above 132.120 confirming
focus on a move back to 132.660-970. The Bollinger top is the key concern for
bulls with potential to limit follow through. Bears continue to look for a close
below 131.770 to gain breathing room. Below 131.49 is then needed to hint at a
move back to 130.590-906 where the 55-DMA (130.906) is situated with below
131.190 to confirm.

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