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(Z18) Consolidates Gains *RES 3: 151.09...>

JGB TECHS
JGB TECHS: (Z18) Consolidates Gains
*RES 3: 151.09 - 38.2% 154.01-149.28
*RES 2: 151.00 - High Jul20
*RES 1: 150.98 - High Jul23
*PRICE: 150.84 @ 16:26 GMT, Nov 14
*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)
While fresh highs weren't seen in the Wednesday session, bulls will have taken
confidence from the ability to hold gains on the break above down trendline
resistance this week, keeping July highs in range at 150.98 and 151.00 beyond.
The recent pullback dented momentum somewhat, but the short-term trend does
continue to point higher. Basing above the 200-dma at 150.63 also adds weight to
the bullish argument. Key support next kicks in at the 100- and 50-dmas at
150.47 and 150.37.

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