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(U18) Correction Reaches Toward The......>

BUND TECHS
BUND TECHS: (U18) Correction Reaches Toward The Month's Highs
*RES 4: 162.01 1% volatility band
*RES 3: 161.75/78 50% Fibo of 164.19-159.37, Jun 1 high
*RES 2: 161.66 Jun 5 high
*RES 1: 161.52 Jun 15 high
*PRICE: 161.18 @1540GMT
*SUP 1: 160.75/85 Jun 15 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. Friday's open above 160.85 added further impetus to the rise, 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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