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Free Access(Z17) Capped Ahead Of Key Resistance.....>
BOBL TECHS: (Z17) Capped Ahead Of Key Resistance
*RES 4: 131.60 High Sept 14
*RES 3: 131.50 High Oct 4
*RES 2: 131.44 Hourly support Oct 4a now resistance
*RES 1: 131.39 Hourly support Oct 4 now resistance
*PREVIOUS CLOSE: 131.28
*SUP 1: 131.21 Alternating hourly support/resistance
*SUP 2: 131.06 Low Oct 2
*SUP 3: 130.92 Low Sept 28
*SUP 4: 130.90 Low Aug 16
*COMMENTARY: The recovery from last week's low provided the catalyst for a rally
that lacked topside follow through Wednesday and leaves the contract looking a
little heavy. The 131.50-64 resistance region is now key. Bulls need a close
above 131.64 to end bearish hopes and shift focus back to 131.83-98. The 131.06
support remains key with bears needing a close below to confirm a break of the
100-DMA (131.07) and below 130.90 to target 130.53-68.
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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.