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BUND TECHS
BUND TECHS: (M18) Still An Opportunity For 160.00 While Above 159.00
*RES 4: 160.89 61.8% Fibo of 163.78-156.22
*RES 3: 160.24/33 Sep 28 low, 1% volatility band
*RES 2: 160.00 50% Fibo of 163.78-156.22
*RES 1: 159.84 May 23 high
*PRICE: 159.58 @0720GMT
*SUP 1: 159.22 Hourly recovery high May 22, now support
*SUP 2: 159.00 Hourly congestion May 21-22
*SUP 3: 158.74 May 22 low
*SUP 4: 158.50 May 16 high, now support
*COMMENTARY* Wednesday saw a move through 159.50-159.69 resistance, a high of
159.84 so far, although the 160.00 area looks a better bet higher. This a 50%
Fibo retrace level, as well as the swing target of the recent 159.50-158.74
fall. Currently correcting some near term overbought conditions, with initial
support between 159.40-159.22. A loss of the lower 159.00 would caution however
and suggest a correction of gains from 157.61 is underway.

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