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(H18) 160.35-160.75 Resists Recovery.....>

BUND TECHS
BUND TECHS: (H18) 160.35-160.75 Resists Recovery Hopes
*RES 4: 161.30/38 Congestion area Jan 10-11
*RES 3: 161.13/18 Jan 23 high, Jan 2 low
*RES 2: 160.75 Jan 25 high
*RES 1: 160.35/40 Hourly resistance
*PRICE: 159.83 @1535GMT
*SUP 1: 159.57/66 61.8% Fibo of 156.97-163.78, Jan 25 low
*SUP 2: 159.48 1.618 swing of 160.11-161.13
*SUP 3: 159.44 Equality fall from 162.04 to 163.78-161.18
*SUP 4: 158.94 1% volatility band
*COMMENTARY* The move above 160.97 faltered below the Jan 2 low at 161.18.
Through here was then required before the opportunity for a better correction of
losses from the Jan 8 high at 162.04 initially and potentially from the Dec 11
peak at 163.78. Support from 160.30-160.00 has subsequently given way, a low of
159.66 so far but stronger support seen from 159.57-159.44. Resistance
160.35-160.75, the latter now important near term.

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