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(H18) Heading Towards Top Of The Range...>

BUND TECHS: (H18) Heading Towards Top Of The Range After 157.90 Holds
*RES 4: 159.72/75 1% vol band, 38.2% of 163.78-157.26
*RES 3: 159.30/33 Feb 5, Jan 31 highs
*RES 2: 158.92 Feb 7 high
*RES 1: 158.78/82 Feb 16 high, 76.4% Fibo of 159.30-157.26
*PRICE: 158.66 @0815GMT
*SUP 1: 158.07/17 Hourly support
*SUP 2: 157.90 Feb 20 low
*SUP 3: 157.65 Feb 16 low
*SUP 4: 157.42 Feb 15 low
*COMMENTARY* Found the ability to trade towards the top of the recent range last
Friday but still requires a move back through 158.82-158.92 before the near term
bias can return to the topside and another look at 159.30-159.33. This a
combination of a 76.4% Fibo retrace of the recent 159.30-157.26 fall and the Feb
7 high. While it caps, then look to 158.17-158.07 for initial support,
yesterday's 157.90 low of more importance below.

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