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Free Access(Z17) Fresh Rise Now Targets The.........>
BOBL TECHS: (Z17) Fresh Rise Now Targets The 131.99 Area Next
*RES 4: 132.39 Apr 13 high
*RES 3: 132.28 0.5% volatility band
*RES 2: 132.08 1.618 swing of 131.87-131.54
*RES 1: 131.99 8 week bull channel projection, Jun 7 high
*PRICE: 131.88 @1436GMT
*SUP 1: 131.63/68 Hourly support
*SUP 2: 131.53/54 Sep 5, Sep 7 lows
*SUP 3: 131.42 Sep 1 low, 8 week rising support line
*SUP 4: 131.37 Aug 28 low
*COMMENTARY* Moved through the 76.4% Fibo retrace level at 131.76 on Tuesday, to
reach a high of 131.87, before falling foul of some near term overbought
conditions. In this respect, although losing 131.61, the fall has been caught
above 131.54-131.42 support. The subsequent rally has since broken back above
131.79, thereby improving near term conditions again. Above 131.87 and look to
the 8 week bull channel projection and Jun 7 high at 131.99, for next clues.
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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.