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(H18) Recovery On Hold While 163.57......>

BUND TECHS
BUND TECHS: (H18) Recovery On Hold While 163.57 Resistance Caps
*RES 4: 164.40 76.4% Fibo of 165.69-160.24
*RES 3: 164.21 1.618 swing of 163.67-162.79
*RES 2: 163.78 Dec 11 high
*RES 1: 163.48/57 Dec 13 high, hourly resistance
*PRICE: 163.14 @0900GMT
*SUP 1: 162.91/04 Dec 13 low, hourly support
*SUP 2: 162.79 Dec 4 low
*SUP 3: 162.56 1.618 swing of 162.91-163.48
*SUP 4: 162.35 Nov 30 low
*COMMENTARY* The failure to sustain a break above 163.67 earlier in the week is
coming home to roost, as Wednesday's break below 163.17 opened up deeper
corrective opportunities. A low of 162.91 seen so far, before a bounce to 163.48
but requiring back above 163.57, before interest can return to the topside.
Meanwhile, 163.04 -162.91 provides support, beneath which 162.79 is important
and protects against a further 162.56-162.35 fall. 

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