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(M18) Rally Retests Bull Channel Top.....>

BUND TECHS
BUND TECHS: (M18) Rally Retests Bull Channel Top And Swing Target
*RES 4: 160.00 1% volatility band
*RES 3: 159.57 Dec 27 high
*RES 2: 159.48 76.4% Fibo of 160.98-154.62
*RES 1: 159.24/28 7 week channel, 1.618 swing 159.00-158.55
*PRICE: 159.24 @1655GMT
*SUP 1: 158.90/01 Hourly support, Mar 22-23 highs
*SUP 2: 158.53/55 Initial rally high Mar 22, Mar 23 low
*SUP 3: 158.30/35 Mar 19, Mar 16 highs, now support
*SUP 4: 158.05 Congestion area Mar 20-21
*COMMENTARY* After retreating from below 158.30-158.35 for most of last week,
Friday saw fresh strength evolve and a move through this previously troublesome
area. The subsequent high of 159.01 has been topped today, a rise seen to test
the top of the 6 week bull channel and the swing target, between 159.24-159.28.
As a consequence, support now comes from the 159.01-158.90 area and then more
importantly 158.55-158.53.

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