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(H18) Correcting Oversold Conditions.....>

BUND TECHS
BUND TECHS: (H18) Correcting Oversold Conditions After 160.00 Holds
*RES 4: 161.55 Jan 10 high
*RES 3: 161.30 Mini congestion area Jan 10-11
*RES 2: 161.18 Jan 2 low, now resistance
*RES 1: 160.85/91 Hourly resistance, Jan 10 low
*PRICE: 160.73 @0850GMT
*SUP 1: 160.25/35 Hourly support
*SUP 2: 160.00/11 May 11, Jan 12 lows
*SUP 3: 159.61 1% volatility band
*SUP 4: 159.44 Equality fall from 162.04 to 163.78-161.18
*COMMENTARY* Found some support from 160.11 on Friday after previously seeing a
slide from 161.55-160.27 on Thursday. This leaves us above the May 11 low at
160.00 and perhaps more importantly the lower 1% volatility band at 159.61 by
time today. In the near term, hourly conditions are oversold, so some kind of
correction is upon us. In this respect, look to 160.85 for immediate resistance
and two former 160.91 and 161.18 lows above.

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