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(H18) Paying The Price For Continued.....>

BUND TECHS
BUND TECHS: (H18) Paying The Price For Continued Failure Below 163.78
*RES 4: 163.27 Dec 18 low, now resistance
*RES 3: 163.14 Initial intraday basing area, now resistance
*RES 2: 162.90/91 Dec 14, Dec 13 lows
*RES 1: 162.65/75 Hourly resistance
*PRICE: 162.24 @0900GMT
*SUP 1: 162.15/20 Dec 19 low, hourly base Nov 30
*SUP 2: 162.03 76.4% Fibo of 161.49-163.78
*SUP 3: 161.93 Nov 30 low
*SUP 4: 161.61 1% volatility band
*COMMENTARY* Failure to move any higher than 163.78 this month has finally been
the catalyst for a fall. Tuesday's loss of 163.10 and then 162.90 has been
followed by a sharp decline, which has subsequently broken support from around
162.35. Clearly below here and there is not much to prevent a further
162.20-162.03 drop, ahead of the next notable low, the Nov 30 base at 161.93. In
the meantime, 162.65-162.91 currently forms initial resistance.

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