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(U18) 160.10 Break Sees 160.78...........>

BUND TECHS
BUND TECHS: (U18) 160.10 Break Sees 160.78 Recovery So Far
*RES 4: 161.66 Jun 5 high
*RES 3: 161.21 38.2% Fibo of 164.19-159.37
*RES 2: 161.13 Jun 8 high
*RES 1: 160.71/78 76.4% Fibo, hourly recovery high Jun 8
*PRICE: 160.67 @1450GMT
*SUP 1: 160.22 Jun 13 high, now support
*SUP 2: 159.90 Congestion area Jun 12-13
*SUP 3: 159.64 Initial recovery high Jun 12, now support
*SUP 4: 159.37 Jun 12 low
*COMMENTARY* The drop was contained at 159.37, just beneath the first of a trio
of former highs between 159.42-159.23. If any of the recent upside momentum is
to be retained, then it is important that these hold the fall. Meanwhile,
resistance from between 160.04-160.10 has been breached allowing a better
recovery of losses from 161.13, so now look to 160.71-160.78 next, 161.13-161.21
higher. Nearest support 160.22-159.90.

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