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(M18) Rally Produces A Run At The........>

BUND TECHS
BUND TECHS: (M18) Rally Produces A Run At The 76.4% Fibo Retrace Level
*RES 4: 160.26 Dec 13 low, now resistance
*RES 3: 160.14 1% volatility band
*RES 2: 159.57 Dec 27 high
*RES 1: 159.42/48 Mar 27 high, 76.4% Fibo of 160.98-154.62
*PRICE: 159.24 @0652GMT
*SUP 1: 159.00/01 Mar 22-23 highs, now support
*SUP 2: 158.73 Hourly base Mar 27
*SUP 3: 158.53/55 Initial rally high Mar 22, Mar 23 low
*SUP 4: 158.30/35 Mar 19, Mar 16 highs, now support
*COMMENTARY* A further upside burst late in the day on Tuesday, produced a run
toward the 76.4% Fibo retrace level at 159.48. A high on the day of 159.42 
before encountering some near term overbought conditions. Eyes will initially be
on previous highs around 159.00 but currently the more important support comes
from yesterday's intraday base at 158.73. Loss would concern now and open up
corrective possibilities of gains from 157.67. 

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