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(H18) Overbought In Near Term On.........>

BUND TECHS
BUND TECHS: (H18) Overbought In Near Term On Approach To Month's High
*RES 4: 165.08 1% volatility band
*RES 3: 164.40 76.4% Fibo of 165.69-160.24
*RES 2: 164.21 1.618 swing of 163.67-162.79
*RES 1: 163.78 Dec 11 high
*PRICE: 163.36 @0850GMT
*SUP 1: 163.10/20 Hourly support
*SUP 2: 162.90/95 Dec 14, Dec 13 lows
*SUP 3: 162.79 Dec 4 low
*SUP 4: 162.35 Nov 30 low
*COMMENTARY* Once again found support from around 162.90-162.95 on Thursday,
before launching into a recovery, which has moved back above 163.57. This should
be the green light for another challenge to 163.78 and potentially the higher
164.21-164.40 area. That said, there are currently some near term overbought
conditions standing in the way of further progress. So the immediate risk is for
a pullback, which requires 163.20-162.90 support to hold.

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