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(Z18) 100-DMA Key *RES 3: 150.58 - High...>

JGB TECHS
JGB TECHS: (Z18) 100-DMA Key
*RES 3: 150.58 - High Aug 22
*RES 2: 150.52 - 61.8% 151.00-149.75
*RES 1: 150.49 - 100-DMA
*PRICE: 150.38 @ 16:29 GMT, Oct 23
*SUP 1: 150.27 - 50-DMA
*SUP 2: 149.75 - Spike Low Aug 2
*SUP 3: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
Prices finally broke out of the recent range and confirmed the bullish close on
Monday. With the 50-DMA succumbing (and switching to key support), 100-DMA now
becomes the key level. Prices failed to follow through and crack this level
Tuesday, leaving 150.49 the high watermark for the move. A close above here
would open Fib resistance at 150.52 ahead of August 22 highs of 150.58. 149.95
remains the base for JGB futures for now, which should continue to provide some
modest support. A break below 149.95 would open the Aug 2 spike low at 149.75
and 149.65 below there.

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