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(Z17) Loss Of 131.61 Support Is A Near...>

BOBL TECHS
BOBL TECHS: (Z17) Loss Of 131.61 Support Is A Near Term Concern
*RES 4: 132.25 0.5% volatility band
*RES 3: 131.99 8 week bull channel projection, Jun 7 high 
*RES 2: 131.87 Sep 5 high
*RES 1: 131.74/79 Hourly resistance
*PRICE: 131.62 @1053GMT
*SUP 1: 131.53 Sep 5 low
*SUP 2: 131.42 Sep 1 low, 8 week rising support line
*SUP 3: 131.36/37 23.6% Fibo of 129.72-131.87, Aug 28 low
*SUP 4: 131.05 38.2% Fibo of 129.72-131.87
*COMMENTARY* Moved above 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, the subsequent loss of 131.61 support is a
disappointment and spoils very recent upside momentum. Have to look towards
131.53 and especially 131.42 for next clues now. Resistance 131.74-131.79, back
above the latter would improve conditions again. 

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