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(M18) Sustained Break Of 159.01 Would....>

BUND TECHS
BUND TECHS: (M18) Sustained Break Of 159.01 Would Add Upside Potential
*RES 4: 159.69 Mar 28 high
*RES 3: 159.42 May 7 high
*RES 2: 159.25 May 10 high
*RES 1: 158.99/01 76.4% of 159.42-157.61, May 14 high
*PRICE: 158.97 @0720GMT
*SUP 1: 158.50 May 16 high, now support
*SUP 2: 158.39 May 17 high, now support
*SUP 3: 158.11 Initial rally high May 18, now support
*SUP 4: 157.90/95 Hourly congestion area May 16-18
*COMMENTARY* Has continued it's recovery since last Thursday's dip back to
157.73. The subsequent move back above previous 158.39-158.50 highs, now leaves
resistance from between the swing target at 158.93 and the May 14 high at 159.01
as the next area of potential trouble. This also includes a 76.4% Fibo retrace
level at 158.99. Support now comes from the those two previous highs, back below
158.39 would caution now. Maintained break above 159.01 and 159.25-159.42 next.

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