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(Z17) 131.88-131.97 Still The Bar To.....>

BOBL TECHS
BOBL TECHS: (Z17) 131.88-131.97 Still The Bar To Upside Ambitions
*RES 4: 132.43 61.8% Fibo of 133.36-130.92
*RES 3: 132.06/14 Nov 8 high, 50% of 133.36-130.92
*RES 2: 131.97 Congestion area Nov 7-Nov 9
*RES 1: 131.87/88 Nov 20 high, hourly high Nov 9
*PRICE: 131.76 @0727GMT
*SUP 1: 131.65 Nov 16 low
*SUP 2: 131.57 Hourly base Oct 27, 50% of 131.09-132.06
*SUP 3: 131.46 61.8% Fibo of 131.09-132.06
*SUP 4: 131.32 76.4% Fibo of 131.09-132.06
*COMMENTARY* The bearish 'shooting star' candle close on Nov 8 has so far been
responsible for a 132.06-131.57 pullback. This basically in line with a 50%
retrace of the previous gains from the Oct 25 low at 131.09. Has subsequently
encountered some near term oversold conditions and this has accordingly allowed
a bounce. In this respect, look to 131.88-131.97 for next resistance. Interim
support now from above 131.65.

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