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(M18) Still Plenty Of Correction.........>

BUND TECHS
BUND TECHS: (M18) Still Plenty Of Correction Potential
*RES 4: 163.00/06 Hourly basing May 29, May 30 open 
*RES 3: 162.33/46 Hourly recovery highs May 30
*RES 2: 161.84/91 Hourly high May 30, hourly base May 29
*RES 1: 161.67 Hourly resistance
*PRICE: 161.14 @0800GMT
*SUP 1: 161.11/20 Intraday low, 76.4% Fibo of 160.29-164.15
*SUP 2: 160.88 50% Fibo of 157.61-164.15
*SUP 3: 160.81 1.618 swing of 161.91-163.69
*SUP 4: 160.65 Hourly base May 25
*COMMENTARY* Continues to fall today, as we correct the recent sharp gains. A
maintained break below 161.20 will see focus of this correction switch from the
May 28 base at 160.29 to the May 15 low at 157.61. Next supports of note then
come from the 50% Fibo retrace level at 160.88 and the swing target at 160.81.
Resistance comes initially from 161.67 and then the 161.84-161.91 area. Given
the extreme of the recent rise there is still plenty of scope to the downside. 

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