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(M18) Sustained 157.69 Break Sees........>

BUND TECHS
BUND TECHS: (M18) Sustained 157.69 Break Sees 158.39-158.60 Potential
*RES 4: 158.71 1% volatility band
*RES 3: 158.60 1.618 swing of 157.69-156.22
*RES 2: 158.55 61.8% Fibo of 160.98-154.62 
*RES 1: 158.39 Jan 23 high
*PRICE: 157.92 @1555GMT
*SUP 1: 157.50/60 Hourly support
*SUP 2: 157.34/36 Intraday low, Mar 8 high
*SUP 3: 157.15/17 Hourly highs Mar 9, Mar 13 low
*SUP 4: 156.88 Mar 9 low
*COMMENTARY* The move through the Feb 5 and Jan 31 highs at 156.60 early this
month, gave the green light to the potential for a greater correction of the
160.98-154.62 losses seen since mid December. Became overbought in the near term
last week, so attention switched to 156.24-156.16 support. The subsequent
recovery has now returned above 157.69-157.80, suggesting scope for
158.39-158.60 next. Nearest support 157.60-157.34.

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