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(H18) Decline Continues, 160.51-160.37...>

BUND TECHS
BUND TECHS: (H18) Decline Continues, 160.51-160.37 Next Supports
*RES 4: 161.55 Jan 10 high
*RES 3: 161.36 Previous hourly high Jan 10
*RES 2: 161.05/15 Congestion area Jan 10
*RES 1: 160.91 Jan 10 low
*PRICE: 160.58 @1440GMT
*SUP 1: 160.51 1.618 swing of 160.91-161.55
*SUP 2: 160.37 76.4% Fibo of 158.73-165.69
*SUP 3: 160.24 Sep 28 low
*SUP 4: 160.00 May 11 low
*COMMENTARY* Recovery limited to 161.55 before downside pressure has resumed.
Today this has broken below Wednesday's 160.91 base and also extended below the
2 week bear channel base at 160.85. Next support comes from the 1.618 swing
target of the most recent 160.91-161.55 rally, which comes in at 160.51. Any
lower and the 76.4% Fibo retrace level at 160.37 protects against a return to
two former lows at 160.24 and 160.00. Nearest resistance 160.91-161.15. 

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