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(H18) Fresh Fall Sees 161.08-160.96 As...>

BUND TECHS
BUND TECHS: (H18) Fresh Fall Sees 161.08-160.96 As Potential Targets
*RES 4: 162.37 Dec 27 high
*RES 3: 162.17 Hourly recovery high Dec 28
*RES 2: 161.80/86 Dec 29 hourly and daily high 
*RES 1: 161.67 Hourly resistance
*PRICE: 161.26 @1620GMT
*SUP 1: 161.08 76.4% Fibo of 160.24-163.78
*SUP 2: 160.96 1.618 swing of 161.50-162.37
*SUP 3: 160.76 Oct 25 low
*SUP 4: 160.54 1% volatility band
*COMMENTARY* The decline has continued afresh this week, moving below
161.50-161.47 support in the process. Next support of note comes from the 76.4%
Fibo retrace level at 161.08. Any lower and the swing target at 160.96 can catch
the fall, ahead of the Oct 25 low at 160.76. As a consequence, nearest
resistance falls to 161.67, with last Friday's 161.80-161.86 highs then the bar
to any better recovery of losses from last Thursday's 162.37 high.

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