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(U17) 164.00-163.89 Offers Near Term.....>

BUND TECHS
BUND TECHS: (U17) 164.00-163.89 Offers Near Term Support To Recovery
*RES 4: 165.43 1.618 swing of 164.64-163.36
*RES 3: 164.98/01 Equality rise from 162.84 to 161.37-163.51
*RES 2: 164.64 Aug 11 high
*RES 1: 164.48 Aug 18 high
*PRICE: 164.44 @1210GMT                                   
*SUP 1: 163.89/00 Hourly support, Aug 18 low
*SUP 2: 163.62/71 Initial high Aug 16, Aug 17 low
*SUP 3: 163.36 Aug 16 low
*SUP 4: 163.17/25 Opening gap Aug 8-Aug 9
*COMMENTARY* Found support from 163.36 last Wednesday, just above the more
important 163.25-163.17 area. The subsequent recovery through 164.25 offers
encouragement for another challenge to the Aug 11 high at 164.64. Support also
rises to 164.00-163.89 and then more importantly from between 163.71-163.62.
Loss of the latter would caution now. Above 164.64 and then 164.98-165.01 comes
back into view, the latter the 6 month falling resistance line.

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