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(H18) Focus Initially On 161.50-161.39...>

BUND TECHS
BUND TECHS: (H18) Focus Initially On 161.50-161.39 Support
*RES 4: 162.79 Dec 4, Dec 5 lows, now resistance
*RES 3: 162.37 Dec 27 high
*RES 2: 162.17 Hourly recovery high Dec 28
*RES 1: 162.04/09 Jan 8 high, 76.4% Fibo of 162.37-161.18
*PRICE: 161.70 @0920GMT
*SUP 1: 161.39/50 Jan 8 low, hourly support
*SUP 2: 161.08/18 76.4% Fibo of 160.24-163.78, Jan 2 low
*SUP 3: 160.96 1.618 swing of 161.50-162.37
*SUP 4: 160.76 Oct 25 low
*COMMENTARY* Trying to escape from this year's 161.87-161.18 range, Monday's
rally to 162.04 again leaving hourly conditions near overbought and so far
without a look at 162.09-162.37 resistance. This once again leaves the downside
vulnerable to some correction but ideally any pullbacks will find support from
161.50-161.39, if the recovery is to continue. Loss of the latter will again put
pressure on 161.18 and potentially 161.08-160.96.

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