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(U17) Rally Leaves 164.31 Fibo...........>

BUND TECHS
BUND TECHS: (U17) Rally Leaves 164.31 Fibo Resistance Behind
*RES 4: 165.08 6 month falling resistance line
*RES 3: 164.98 Equality rise from 162.84 to 161.37-163.51
*RES 2: 164.95 1% volatility band
*RES 1: 164.83 11 day bull channel top projection
*PRICE: 164.40 @1445GMT                                   
*SUP 1: 164.19 Intraday low
*SUP 2: 163.88/99 Hourly support, Aug 9 high
*SUP 3: 163.51/64 Aug 4 high, Aug 10 low
*SUP 4: 163.17/25 Opening gap Aug 8-Aug 9
*COMMENTARY* Continues to rise, today moving through the 76.4% Fibo retrace
level at 164.31. A high so far of 164.64, as we make our way towards the next
set of resistances from between 164.83-165.08. As a consequence, nearest support
rises to the day's 164.19 low, then backed up by the 163.99-163.88 area. Only
back below the Aug 4 high at 163.51 will concern at present. Directly through
165.08 and the June highs at 165.44-165.55 come back into play.

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