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(U17) Rally Enters Next 162.93-163.55....>

BUND TECHS
BUND TECHS: (U17) Rally Enters Next 162.93-163.55 Target Area
*RES 4: 163.93 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: 162.93/97 50% Fibo of 165.55-160.31, Aug 2 high
*PRICE: 162.84 @1010GMT                                   
*SUP 1: 162.35/45 Hourly support
*SUP 2: 162.19 Jul 31 high, now support
*SUP 3: 161.96 Hourly base Jul 31
*SUP 4: 161.72 Jul 31 low
*COMMENTARY* The move back above the pivotal 162.38 level and then 162.67 is
encouraging. 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 162.35-45, ahead
of Monday's 162.19 high. It is the lower 161.72 level however, that now needs to
hold or doubt creeps in.

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