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(M18) Above 161.34 Targets 162.37-48.....>

BUND TECHS
BUND TECHS: (M18) Above 161.34 Targets 162.37-48
*RES 4: 162.48 High Dec 20 (Cont)
*RES 3: 162.37 100-WMA, High Dec 27 (Cont)
*RES 2: 162.04 2018 High Jan 8 (Cont)
*RES 1: 161.34 High May 25
*PREVIOUS CLOSE: 161.17
*SUP 1: 160.98 High Dec 11 now support
*SUP 2: 160.55 Hourly resistance May 25 now support
*SUP 3: 160.29 High May 24 now support
*SUP 4: 159.84 High May 23 now support
*COMMENTARY: Finding support ahead of 21 (158.92) & 55 (158.68) DMAs last week
provided the base for a rally to fresh 4mth highs and sees M18 flirting with the
55-WMA (161.31). Bulls look for a close above Friday's high to confirm a break
and target the 162.37-48 region where the 100-WMA is found. The Bollinger top
(160.40) is the key concern for bulls. Bears now need a close below 160.55 to
gain breathing room and below 160.29 to target a correction back to 158.50-92.

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