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(M18) Rally Stalls At 159.69, Watching...>

BUND TECHS
BUND TECHS: (M18) Rally Stalls At 159.69, Watching 158.82 Support
*RES 4: 160.26 Dec 13 low, now resistance
*RES 3: 160.07 1.618 swing of 159.69-159.07
*RES 2: 159.66/69 Apr 4, Mar 28 highs
*RES 1: 159.40/50 Hourly resistance
*PRICE: 159.11 @1725GMT
*SUP 1: 158.82/89 Hourly base Mar 27, intraday low
*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: 157.75 Mar 21 low, 38.2% Fibo of 154.62-159.69
*COMMENTARY* A further upside burst last Wednesday produced a run through the
76.4% Fibo retrace level at 159.48, to reach a high of 159.69. Has been unable
to improve on this so far. Support from the late March highs at 159.01 has since
been lost and focus now on the 158.82 area. Loss would concern and open up
deeper corrective possibilities of gains from 157.67. Nearest resistance
meanwhile drops to 159.40-159.50.

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