(U17) Rally Falters In The...............>

BUND TECHS: (U17) Rally Falters In The 163.47-163.55 Target Area

*RES 4: 164.31 76.4% Fibo of 165.55-160.31

*RES 3: 164.04/09 Jun 28 high, 1% volatility band

*RES 2: 163.73 Equality rise from 161.37 to 160.31-162.67

*RES 1: 163.55 61.8% Fibo of 165.55-160.31

*PRICE: 162.91 @1431GMT                                   

*SUP 1: 162.84/94 Hourly support

*SUP 2: 162.63/67 Aug 2 low, Jul 24 high

*SUP 3: 162.19 Jul 31 high, now support

*SUP 4: 161.82/92 Aug 1 low, Jul 13 high

*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 162.84-162.94, ahead of the 162.63-162.67 area.

Directly above 163.55 and the equality rise target at 163.73 then in the way of

a further 164.04-164.09 rise.