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(H18) Slipping Back Down Range After.....>

BUND TECHS
BUND TECHS: (H18) Slipping Back Down Range After 158.82-158.92 Cap
*RES 4: 159.30/33 Feb 5, Jan 31 highs
*RES 3: 158.82/92 76.4% Fibo of 159.30-157.26, Feb 7 high
*RES 2: 158.55 Initial low Feb 16, now resistance
*RES 1: 158.32/35 Hourly resistance
*PRICE: 158.05 @0900GMT
*SUP 1: 157.90/92 Hourly support
*SUP 2: 157.65 Feb 16 low
*SUP 3: 157.42 Feb 15 low
*SUP 4: 157.26 Feb 15 low
*COMMENTARY* Found the ability to trade towards the top of the recent range last
Friday but 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, with 158.01 support now lost, attention will switch to 157.90-157.65
next, as we move back down the recent range. Resistance now 158.32-158.55. 

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