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(H18) Focus Back On The Downside And.....>

BUND TECHS
BUND TECHS: (H18) Focus Back On The Downside And 161.18-161.08
*RES 4: 162.37 Dec 27 high
*RES 3: 162.17 Hourly recovery high Dec 28
*RES 2: 162.04/09 Jan 8 high, 76.4% Fibo of 162.37-161.18
*RES 1: 161.75/85 Hourly resistance
*PRICE: 161.28 @1730GMT
*SUP 1: 161.08/18 76.4% Fibo of 160.24-163.78, Jan 2 low
*SUP 2: 160.96 1.618 swing of 161.50-162.37
*SUP 3: 160.76 Oct 25 low
*SUP 4: 160.65 1.618 swing of 161.18-162.04
*COMMENTARY* Tried to escape from this year's 161.87-161.18 range, Monday's
rally to 162.04 again leaving hourly conditions overbought and so far without a
look at 162.09-162.37. This once again leaves the downside vulnerable to some
correction and with today's loss of support from 161.50-161.39, will again put
pressure on 161.18-161.08 and potentially 161.96-160.65. Resistance falls to
161.75-161.85.

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