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BUND TECHS: (U18) Finds Some Support Around The 38.2% Fibo Retrace Level
*RES 4: 163.39 Jul 20 high
*RES 3: 163.07/09 Hourly low/high Jul 20
*RES 2: 162.70/80 Jul 19 low, hourly high Jul 20
*RES 1: 162.55/60 Hourly resistance
*PRICE: 162.15 @1515GMT
*SUP 1: 161.82/85 Jul 24, Jun 29 lows, 38.2% 159.39-163.39
*SUP 2: 161.38 50% Fibo of 159.39-163.39
*SUP 3: 161.26 Jun 21 low
*SUP 4: 160.90/91 1% volatility band, 61.8% of 159.39-163.39
*COMMENTARY* The move through 163.20-163.30 was not long lived, a high of 163.39
last Friday, before giving back some ground, aided by a potentially bearish
'outside day' close. The subsequent loss of 162.45-162.44 support on Monday,
spoiled recent upside momentum and suggested scope for a deeper correction of
gains from the Jun 12 low at 157.37. This now sees 161.85-161.82, ahead of a
deeper 161.38-161.26 drop. Nearest resistance 162.55-162.80.