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(M18) Reaches 6 Week Bull Channel Top....>

BUND TECHS
BUND TECHS: (M18) Reaches 6 Week Bull Channel Top After 158.35 Break
*RES 4: 159.57 Dec 27 high
*RES 3: 159.48 76.4% Fibo of 160.98-154.62
*RES 2: 159.27 Jan 8 high
*RES 1: 159.00/04 Mar 22 high, 6 week bull channel top
*PRICE: 158.85 @1630GMT
*SUP 1: 158.53 Initial rally high Mar 22, now support
*SUP 2: 158.30/35 Mar 19, Mar 16 highs, now support
*SUP 3: 158.05 Congestion area Mar 20-21
*SUP 4: 157.75 Mar 21 low
*COMMENTARY* After retreating from below 158.30-158.35 for most of the week,
Thursday saw fresh strength evolve and a move through this previously
troublesome area. A high of 159.00 so far, basically equating to a test to the
top of the 6 week bull channel. As a consequence, reached near term overbought
territory, so watching 158.53 initially and 158.30 thereafter for clues. A hold
above here and scope to increase gains to 159.27-159.48 next.

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