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(U17) 163.51 Loss Opens Up Deeper........>

BUND TECHS
BUND TECHS: (U17) 163.51 Loss Opens Up Deeper Corrective Potential
*RES 4: 164.98 Equality rise from 162.84 to 161.37-163.51
*RES 3: 164.64 Aug 11 high
*RES 2: 164.25 Hourly recovery high Aug 14
*RES 1: 163.85 Hourly resistance
*PRICE: 163.72 @1505GMT                                   
*SUP 1: 163.17/25 Opening gap Aug 8-Aug 9
*SUP 2: 163.00 50% Fibo of 161.37-164.64
*SUP 3: 162.84 Aug 7 low
*SUP 4: 162.62/67 61.8% Fibo of 161.37-164.64, Jul 24 high
*COMMENTARY* Continued to rise last Friday, a high of 164.64 but failed to make
a challenge to the next set of resistances from between 164.98-165.05. These an
equality rise target and the current level of the 6 month falling resistance
line. The subsequent setback has broken below 163.51 today, this concerns in the
near term and sets off a correction with 163.25-163.00 now the next area of
support. Resistance, now from 163.85-164.25.

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