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(U17) Rally Approaches Next..............>

BUND TECHS
BUND TECHS: (U17) Rally Approaches Next 163.47-163.55 Target Area
*RES 4: 164.04 Jun 28 high
*RES 3: 163.93 1% volatility band
*RES 2: 163.55 61.8% Fibo of 165.55-160.31
*RES 1: 163.47 1.618 swing of 162.67-161.37
*PRICE: 163.31 @1446GMT                                   
*SUP 1: 162.63/67 Hourly support, Jul 24 high
*SUP 2: 162.09/19 Initial recovery Jul 28, Jul 31 high
*SUP 3: 161.82 Aug 1 low
*SUP 4: 161.37 Jul 28 low
*COMMENTARY* Have now seen the rally clear 162.93 resistance, through here and
thoughts can turn to a higher 162.47-163.55 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 now moves up to 162.63-67, ahead of Monday's 162.19 high.
Directly above 163.55 and the upper 1% volatility band at 163.93 is next on the
agenda.

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