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(Z18) Breaks Down Trendline Resistance....>

JGB TECHS
JGB TECHS: (Z18) Breaks Down Trendline Resistance
*RES 4: 151.13 - High May30
*RES 3: 151.09 - 38.2% 154.01-149.28
*RES 2: 151.00 - High Jul20
*RES 1: 150.98 - High Jul23
*PRICE: 150.83 @ 16:44 GMT, Nov 9
*SUP 1: 150.47/33 - 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)
BUlls will have taken confidence from the break above down trendline resistance
at 150.77 Monday, with July highs now coming into range at 150.98 and 151.00
beyond. This keeps JGBs on the front foot. Last week's pullback dented momentum
somewhat, but the short-term trend does continue to point higher. Basing above
the 200-dma at 150.62 will have added confidence. Key support next kicks in at
the 100- and 50-dmas at 150.47 and 150.35.

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