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(M18) Rally Reaches 164.15, Remains......>

BUND TECHS
BUND TECHS: (M18) Rally Reaches 164.15, Remains Overbought Near Term
*RES 4: 163.69 Recovery high May 29
*RES 3: 163.32 May 29 close
*RES 2: 163.06 Intraday high
*RES 1: 162.70/80 Hourly resistance
*PRICE: 162.18 @0730GMT
*SUP 1: 161.91/00 Hourly support
*SUP 2: 161.79 May 29 low
*SUP 3: 161.34 May 25 high, now support
*SUP 4: 160.86 Hourly high May 25, now support
*COMMENTARY* Escalated to a 164.15 high Tuesday, before falling foul of some
heavily overbought near term conditions. An equally swift pullback has followed,
162.00-161.91 now seen as support ahead of yesterday's 161.79 low. Loss of the
latter will suggest the recent exuberance has cooled and we are due a deeper
correction of recent gains, beginning with 161.34. Initial resistance
162.70-162.80, then the day's 163.06 high, 163.32-163.69 more important above.

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