(U17) 50% Fibo Retrace At 162.93 Is......>

BUND TECHS: (U17) 50% Fibo Retrace At 162.93 Is Next Upside Target

*RES 4: 163.72 1% volatility band

*RES 3: 163.55 61.8% Fibo of 165.55-160.31

*RES 2: 163.47 1.618 swing of 162.67-161.37

*RES 1: 162.93 50% Fibo of 165.55-160.31

*PRICE: 162.75 @1502GMT                                   

*SUP 1: 162.19 Jul 31 high, now support

*SUP 2: 161.96 Hourly base Jul 31

*SUP 3: 161.72 Jul 31 low

*SUP 4: 161.37 Jul 28 low

*COMMENTARY* The move back above the pivotal 162.38 level is encouraging, not in

the least for another look at 162.67. Through here and thoughts can turn to a

higher 162.93-163.47 rise, as we continue the correction of the 165.55-160.31

fall seen over the last couple of months. In the interim, initial support moves

up to yesterday's 162.19 high and then 161.96 but it is the lower 161.72 level

that now needs to hold or doubt creeps in.