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(H18) 160.80 Resistance Remains Key......>

BUND TECHS
BUND TECHS: (H18) 160.80 Resistance Remains Key
*RES 4: 162.04 High Jan 8
*RES 3: 161.56 Hourly support Jan 9 now resistance
*RES 2: 160.80 Alternating support/resistance
*RES 1: 160.76 High Jan 15
*PREVIOUS CLOSE: 160.45
*SUP 1: 160.11 2018 Low Jan 12
*SUP 2: 159.97 Bollinger band base
*SUP 3: 159.78 Monthly Low Sept 28
*SUP 4: 158.73 2017 Low Mar 14
*COMMENTARY: Failure to gain traction above the 100-DMA (161.83) sees focus on
159.78. Bears now look for a close below 159.78 to confirm focus on tests of
2017 lows. The lack of follow through Friday is an issue with daily studies at
O/S levels and the Bollinger base limiting follow through. Bulls still need a
close above 160.80 to gain breathing room and above 162.37 to end bearish hopes
and hint at a move back to 163.78 Dec highs with above 162.79 confirming.

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