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(H18) Finds Support Above 160.00 And.....>

BUND TECHS
BUND TECHS: (H18) Finds Support Above 160.00 And Lower 1% Volatility Band
*RES 4: 161.55 Jan 10 high
*RES 3: 161.18 Jan 2 low, now resistance
*RES 2: 160.91 Jan 10 low, now resistance
*RES 1: 160.60/70 Hourly resistance
*PRICE: 160.38 @0839GMT
*SUP 1: 160.17 Intraday low
*SUP 2: 160.00 May 11 low
*SUP 3: 159.71 1% volatility band
*SUP 4: 159.44 Equality fall from 162.04 to 163.78-161.18
*COMMENTARY* Has found some support from 160.17 this morning after yesterday
seeing a one day slide from 161.55-160.27. This leaves us above the May 11 low
at 160.00 and perhaps more importantly the lower 1% volatility band at 159.71 by
time today. In the near term, hourly conditions are oversold, so some kind of
correction is due soon. In this respect, look to 160.60-160.70 for immediate
resistance and two former 160.91 and 161.18 lows above.

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