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(M18) 157.90-158.04 The Bar To Any.......>

BUND TECHS
BUND TECHS: (M18) 157.90-158.04 The Bar To Any Near Term Recovery
*RES 4: 158.95 Apr 13, Apr 17 lows, now resistance
*RES 3: 158.74 Apr 16 low, now resistance
*RES 2: 158.30/40 Hourly recovery high Apr 20, Apr 20 high
*RES 1: 157.90/04 Hourly resistance, intraday high
*PRICE: 157.76 @1516GMT
*SUP 1: 157.43 Intraday low
*SUP 2: 157.14/16 1% volatility band, 50% of 154.62-159.69
*SUP 3: 157.04 76.4% Fibo of 156.22-159.69
*SUP 4: 156.56 61.8% Fibo of 154.62-159.69
*COMMENTARY* Monday saw the slide continue, moving below 158.15 initially and
then later the 157.75-157.72 area. A low so far today of 157.43, just beneath
the 61.8% Fibo retrace level at 157.55. This currently offers the next
protection to the longer term 50% Fibo level and lower 1% volatility band,
situated between 157.16-157.14, by time today. Nearest resistance comes from
157.90-158.04 but any recovery will only generate pace above 158.30-158.40. 

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