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(H18) Recovery Falters Ahead Of..........>

BUND TECHS: (H18) Recovery Falters Ahead Of 158.82-158.92 Resistance
*RES 4: 160.11 Jan 12 low, now resistance
*RES 3: 159.71/75 1% volatility band, 38.2% of 163.78-157.26
*RES 2: 159.30/33 Feb 5, Jan 31 highs
*RES 1: 158.82/92 76.4% Fibo of 159.30-157.26, Feb 7 high
*PRICE: 158.31 @0905GMT
*SUP 1: 158.20/25 Hourly support
*SUP 2: 158.01 Feb 15 high, now support
*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 on
Friday. Now requiring a move back through 158.82-158.92 before the near term
bias can return to the topside. 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, the risk will
be for lower, 158.25-158.01 the initial support of interest. A hold above the
latter would encourage again, loss would point to a further 157.65-157.42 fall.

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