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(H18) Enters Area Of Anticipated.........>

BUND TECHS
BUND TECHS: (H18) Enters Area Of Anticipated Support From 161.58-161.39
*RES 4: 163.27 Dec 18 low, now resistance
*RES 3: 162.90/91 Dec 14, Dec 13 lows, now resistance
*RES 2: 162.48/50 Dec 20 high, hourly recovery high Dec 19
*RES 1: 162.15/25 Hourly resistance
*PRICE: 161.74 @0809GMT
*SUP 1: 161.58 Dec 20 low, 61.8% Fibo of 160.24-163.78
*SUP 2: 161.47/49 76.4% Fibo of 160.76-163.78, Nov 14 low
*SUP 3: 161.39 1% volatility band
*SUP 4: 161.08 76.4% Fibo of 160.24-163.78
*COMMENTARY* The decline has continued, losing support from both 162.03 and
161.93. Has so far come to a halt at 161.58, this a 61.8% Fibo retrace of gains
seen since the 160.24 low of Sep 28 this year. Any lower and the hope is that
the 161.49-161.39 area will then act as a brake, to the 76.4% Fibo retrace level
at 161.08. In the interim, look to 162.15-162.25 for initial resistance ahead of
the most recent recovery highs at 162.48-162.50.

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