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(U17) Key 161.49-161.55 Support Holds....>

BUND TECHS
BUND TECHS: (U17) Key 161.49-161.55 Support Holds And Springs Recovery
*RES 4: 163.36 1.618 swing of 162.67-161.56
*RES 3: 162.93/96 50% of 165.55-160.31, 3 week channel top
*RES 2: 162.67/78 Jul 24 high, Jun 28 low
*RES 1: 162.50 Intraday high
*PRICE: 162.25 @1105GMT                                   
*SUP 1: 161.93 Initial recovery high Jul 26, now support
*SUP 2: 161.75 Hourly support
*SUP 3: 161.49/55 50% Fibo of 160.31-162.67, Jul 20 low
*SUP 4: 161.21 61.8% Fibo of 160.31-162.67
*COMMENTARY* Found support on Tuesday from just above the key 161.55-161.49
area, gradually allowing a recovery which has popped it's head above 162.43. If
sustained, this has the potential to retest the week's 162.67 high and
potentially the 162.93-96 region next. Initial support comes from above 161.93
but any setbacks should really hold above 161.75 now, if this rally is not to be
just corrective.

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