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(H18) Recovery Stalls Ahead Of 50%.......>

BUND TECHS
BUND TECHS: (H18) Recovery Stalls Ahead Of 50% Fibo Retrace Level 
*RES 4: 160.94 1% volatility band
*RES 3: 160.52 50% Fibo of 163.78-157.26
*RES 2: 160.38 Mar 5 high
*RES 1: 160.00/10 Hourly resistance
*PRICE: 159.71 @0825GMT
*SUP 1: 159.41 Mar 5 low
*SUP 2: 159.34 Initial rally high Feb 28, 76.4% Fibo
*SUP 3: 159.03 Feb 28 low
*SUP 4: 158.78/85 Feb 16, Feb 21 highs, now support
*COMMENTARY* The move through the Feb 5 and Jan 31 highs at 159.30-159.33 last
week, gave the green light to the potential for a greater correction of the
163.78-157.26 losses seen since mid December. Yesterday's higher opening saw a
rise to 160.38, as we approach the next Fibo retrace level, the 50%, at 160.52.
Overbought near term, support is now seen from above the 159.34 area, loss would
concern and suggest the correction may have run it's course.

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