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(Z18) Altitude Sickness *RES 3: 151.00....>

JGB TECHS
JGB TECHS: (Z18) Altitude Sickness
*RES 3: 151.00 - High Jul20
*RES 2: 150.98 - High Jul23
*RES 1: 150.90 - Down Trendline Resistance
*PRICE: 150.69 @ 16:34 GMT, Oct 30
*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)
Consolidation remains the theme after the recent firm rally, but the short-term
trend remains bullish. While prices pulled back somewhat, the Tuesday low was
well above Friday's worst levels, keeping the upside on the front foot. Down
trendline resistance at 150.90 is the initial target for bulls before any
attempt on the series of July highs between 150.98-151.00, which would mark a
close of the gap lower suffered over Summer. The 100- and 50-dmas are joined by
the 200-dma as support, kicking in from 150.61. Below there, 149.95 remains the
base, which should continue to provide some modest support.

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