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(Z18) 200-DMA Cracks *RES 4: 151.00 -.....>

JGB TECHS
JGB TECHS: (Z18) 200-DMA Cracks
*RES 4: 151.00 - High Jul20
*RES 3: 150.84 - 61.8% 151.51-149.75
*RES 2: 150.80 - High Jul31
*RES 1: 150.61 - 200-DMA
*PRICE: 150.59 @ 16:39 GMT, Oct 25
*SUP 1: 150.48/27 - 100-/50-DMA
*SUP 2: 149.75 - Spike Low Aug 2
*SUP 3: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 4: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
The close above the 200-dma at 150.61 puts the ball firmly in the Bulls' court
despite Thursday price action consolidating slightly. The rally topped out at
150.65, but bulls clearly have further to run in an attempt to reclaim the
151.00 high from Jul20. 149.95 remains the base 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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