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(Z18) Golden Cross *RES 4: 152.89 -.......>

JGB TECHS
JGB TECHS: (Z18) Golden Cross
*RES 4: 152.89 - 76.4% 154.01-149.28
*RES 3: 152.43 - High Sep 28 2016
*RES 2: 152.20 - 61.8% 154.00-149.28
*RES 1: 152.04 - High Nov 9 2016
*PRICE: 151.88 @ 16:10 GMT, Dec 10
*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)
The 152.00 handle becomes the target for bulls, which continue to hold sway of
markets (as has been the case since the beginning of November), with fresh cycle
highs printed up at 151.88. The formation of a golden cross this week will have
added confidence to the bullish argument. Other technical indicators continue to
point higher, with the longer-term targets holding in the mid-152s. Key support
next kicks in at the 200- and 100-dmas at 150.69 and 150.52.

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