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(H18) Holding Above 161.49-161.47........>

BUND TECHS
BUND TECHS: (H18) Holding Above 161.49-161.47 Support
*RES 4: 162.90/91 Dec 14, Dec 13 lows, now resistance
*RES 3: 162.48/50 Dec 20 high, hourly recovery high Dec 19
*RES 2: 162.15 Dec 19 low, now resistance
*RES 1: 161.97/04 Hourly resistance
*PRICE: 161.76 @1000GMT
*SUP 1: 161.47/49 76.4% Fibo of 160.76-163.78, Nov 14 low
*SUP 2: 161.22 1% volatility band
*SUP 3: 161.08 76.4% Fibo of 160.24-163.78
*SUP 4: 160.76 Oct 25 low
*COMMENTARY* The decline has continued, losing support from both 162.03 and
161.93. Has so far come to a halt at 161.50, just below the  61.8% Fibo retrace
of gains seen since the 160.24 low of Sep 28 this year. Any lower and the hope
is that the 161.49-161.47 area will then act as a brake, to the 76.4% Fibo
retrace level at 161.08. In the interim, look to 161.97-162.15 for initial
resistance ahead of the most recent recovery highs at 162.48-162.50.

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