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(H18) Correcting Recent 161.13-157.62....>

BUND TECHS
BUND TECHS: (H18) Correcting Recent 161.13-157.62 Losses
*RES 4: 160.30/32 76.4% of 161.13-157.62, Jan 24 low
*RES 3: 159.79 61.8% Fibo of 161.13-157.62
*RES 2: 159.66 Jan 25 low, now resistance
*RES 1: 159.33 Jan 31 high
*PRICE: 158.61 @0824GMT
*SUP 1: 158.01 Hourly base Feb 5
*SUP 2: 157.82 6 month bear channel base 
*SUP 3: 157.62 Feb 5 low
*SUP 4: 157.50/52 1% volatility band, Dec 29 low 2015
*COMMENTARY* Found support on Monday after entering into the congested band of
support from between the 6 month bear channel base projection at 157.82 this
week and the Dec 29 2015 low at 157.52. Within here also lies a notable
inhibitor of both gains and losses, the 1% volatility band, at 157.50. Became
oversold and the move back through 158.55 has allowed some better corrective
potential. Looking at 159.33-159.66 as next potential barriers.

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