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(M18) Briefly Spikes The 1% Volatility...>

BUND TECHS: (M18) Briefly Spikes The 1% Volatility Band, back Below Today
*RES 4: 161.34 May 25 high
*RES 3: 161.10 Hourly congestion May 25
*RES 2: 160.98 Initial hourly base May 25
*RES 1: 160.79/83 Intraday high, 1% volatility band
*PRICE: 160.46 @0713GMT
*SUP 1: 160.29 May 24 high, intraday low
*SUP 2: 159.84 May 23 high, now support
*SUP 3: 159.69 Mar 28 high, now support
*SUP 4: 159.42 May 7 high, now support
*COMMENTARY* Friday saw the 1% volatility band breached for the first time this
year. A brief spike through the 160.89-160.90 resistance area to 161.34, before
being sharply corrected back within the band today. Support now evident from a
series of previous highs, initially from 160.29. Further loss here would caution
and open up the potential for a further 159.84-159.69 fall next. Resistance from
below the band at 160.83, any higher and look to 160.98-161.10.

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