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

BUND TECHS
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: 164.04/13 Jun 28 high, 1% volatility band
*RES 2: 163.73 Equality rise from 161.37 to 160.31-162.67
*RES 1: 163.51/55 Aug 4 high, 61.8% Fibo of 165.55-160.31
*PRICE: 163.27 @1513GMT                                   
*SUP 1: 162.84 Hourly support
*SUP 2: 162.63/67 Aug 2 low, Jul 24 high
*SUP 3: 162.19 Jul 31 high, 61.8% Fibo of 161.37-163.51
*SUP 4: 161.82/88 Aug 1 low, 76.4% Fibo of 161.37-163.51
*COMMENTARY* The rally reached 163.51 on Friday, just shy of a test to the 61.8%
Fibo retrace level at 163.55. Currently removing some of the near term
overbought conditions with initial support now situated between 162.84-162.63. A
loss of the latter will caution however and open up the prospect of a deeper
162.19-161.88 fall. Resistance remain from 163.51-55, above the latter and the
equality rise at 163.73 next, ahead of 164.04.

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