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(H18) Still Congested Support Between....>

BUND TECHS
BUND TECHS: (H18) Still Congested Support Between 157.82-157.52
*RES 4: 159.66 Jan 25 low, now resistance
*RES 3: 159.30/33 Feb 5, Jan 31 highs
*RES 2: 158.92 Feb 7 high
*RES 1: 158.51 Feb 6 low, now resistance
*PRICE: 158.08 @0910GMT
*SUP 1: 157.91/92 Intraday low, Feb 7 low
*SUP 2: 157.82 6 month bear channel base 
*SUP 3: 157.62 Feb 5 low
*SUP 4: 157.52 Dec 29 low 2015
*COMMENTARY* Found support on Monday in the congested band of support from
between the 6 month bear channel base projection at 157.82 this week and the Dec
29 2015 low at 157.52. The following recovery has seen a return to 159.30, shy
of the Jan 31 high at 159.33 and the 50% Fibo retrace level of the fall from
161.13, at 159.38. Has subsequently fallen back towards the channel base but
requires a loss of 157.52 before seeing the lower 1% volatility band at 157.02

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