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(U18) Correction Continues With Break....>

BUND TECHS
BUND TECHS: (U18) Correction Continues With Break Above 160.85-161.13
*RES 4: 162.35 61.8% Fibo of 164.19-159.37
*RES 3: 162.01 1% volatility band
*RES 2: 161.78 50% Fibo of 164.19-159.37
*RES 1: 161.66 Jun 5 high
*PRICE: 161.39 @0810GMT
*SUP 1: 160.75/85 Intraday low, hourly support
*SUP 2: 160.44 Hourly base Jun 14
*SUP 3: 160.18/22 Hourly high Jun 13, Jun 13 high
*SUP 4: 159.85/90 Hourly congestion Jun 12-14
*COMMENTARY* The recovery back above 160.18-160.22 on Thursday gave the green
light to some further correction of the 164.19-159.37 fall seen so far this
month. Today's open above 160.85 has added further impetus to the rise, now
approaching the Jun 5 high at 161.66. Any higher and the 50% Fibo retrace at
161.78 becomes the next marker and potential bar to 162.01-162.35. Support comes
from 160.85-160.75, then the 160.44 region.

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