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(M18) Impressive Rise Halted By Dual.....>

BUND TECHS
BUND TECHS: (M18) Impressive Rise Halted By Dual 162.00 Resistance
*RES 4: 163.04 1.618x 156.22-159.69 from 157.43
*RES 3: 162.54/56 50% Fibo of 168.86-156.22, Sep 12 2016 low
*RES 2: 162.21 2% volatility band
*RES 1: 162.00 76.4% 163.78-156.22, 1.618 swing 161.34-160.29
*PRICE: 161.94 @1545GMT
*SUP 1: 161.55/60 Hourly support
*SUP 2: 161.34 May 25 high, now support
*SUP 3: 160.98 Hourly congestion May 25
*SUP 4: 160.71 Initial intraday recovery 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. Has since wasted no time in
a complete recovery and has in fact gone higher, dual resistance from 162.00 the
current bar to further gains. Support on the rise, 161.60-161.55 and then better
from that previous 161.34 high.

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