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(H18) Range Trading Persists Above Feb...>

BUND TECHS
BUND TECHS: (H18) Range Trading Persists Above Feb 8 Low At 157.26
*RES 4: 158.82/92 76.4% Fibo of 159.30-157.26, Feb 7 high
*RES 3: 158.65 Feb 9 high
*RES 2: 158.44/52 Feb 13 high, 61.8% Fibo of 159.30-157.26
*RES 1: 158.20 Hourly resistance
*PRICE: 157.93 @0833GMT
*SUP 1: 157.42 Feb 15 low
*SUP 2: 157.26 Feb 8 low
*SUP 3: 156.55/58 1% vol band, 1.618 swing of 157.62-159.30
*SUP 4: 156.40 1.618 swing of 157.26-158.65
*COMMENTARY* Has continued to trade within a narrow range all week. Support has
been found from above 157.26 and then most latterly on Thursday at 157.42. This
area continues to protect the downside from a further 156.58-156.40 fall. To
improve near term prospects, then a move back initially through 158.20 would
assist but then has to deal with 158.44-158.65, before the way is clear for a
challenge to more important 158.82-158.92 resistance.

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