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(Z17) 131.24-131.16 To Hold If...........>

BOBL TECHS
BOBL TECHS: (Z17) 131.24-131.16 To Hold If Recovery To Continue
*RES 4: 131.89 0.5% volatility band
*RES 3: 131.73 76.4% Fibo of 131.98-130.92
*RES 2: 131.58/60 61.8% Fibo of 131.98-130.92, Sep 14 high
*RES 1: 131.44/45 Sep 26, intraday highs
*PRICE: 131.29 @1519GMT
*SUP 1: 131.24 Hourly base Oct 3
*SUP 2: 131.16 5 day rising support line
*SUP 3: 131.10 Oct 3 low
*SUP 4: 131.06 Oct 2 low
*COMMENTARY* A break above the previously troublesome 131.30-131.31 resistance
today. A high of 131.45 so far, just above the Sep 26 high. Has become
overbought in the near term, so looking towards 131.24 for initial support, the
5 day rising support line at 131.16 of more importance below. Loss would
disappoint now and suggest the recovery was over for the time being. Directly
above 131.45 however and the rally can reach 131.58-131.73 next.

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