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(Z17) Fresh Rise Now Targets The.........>

BOBL TECHS
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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