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(Z18) Fails To Sustain Break *RES 3:......>

JGB TECHS
JGB TECHS: (Z18) Fails To Sustain Break
*RES 3: 150.58 - High Aug 22
*RES 2: 150.45 - 50-DMA (Continuation chart)
*RES 1: 150.38 - 50% 151.00-149.75
*PRICE: 150.16 @ 15:16 GMT, Oct 16
*SUP 1: 149.75 - Spike Low Aug 2
*SUP 2: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 3: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
Despite breaking above key short-term resistance Monday at 150.22 and breaking
above the July downtrend, prices pulled back Tuesday to the middle of the recent
range, frustrating bulls. A recovery through, and close above, the 50-dma at
150.25 will be needed to cement any upward move, which should prompt attention
to turn to the 150.38 Fib level. 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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