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BUND TECHS: (U18) Finds Some Support Just Below 50% Fibo Retrace Level
*RES 4: 162.44 50% Fibo of 164.19-160.68
*RES 3: 162.15 May 31 high
*RES 2: 161.75/85 Jun 1 high, hourly high May 31
*RES 1: 161.66 Hourly recovery high Jun 1
*PRICE: 161.41 @1515GMT
*SUP 1: 160.90 Intraday hourly base
*SUP 2: 160.68 Jun 4 low
*SUP 3: 160.40 Hourly support
*SUP 4: 160.19 May 28 low
*COMMENTARY* Has found some support from 160.68 so far, just below the 50% Fibo
retrace level at 160.78, as hourly conditions become oversold again. This allows
some scope for recovery, how much however, will be beholden to the reaction to
161.30-161.40 initially and then 161.66 thereafter. Will need back above the
latter before a more definitive correction of losses sustained since last week's
164.19 spike high. Loss of 160.68 has 160.40 protecting 160.19-160.00.