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(U18) Key 161.80 Support Gets A..........>

BUND TECHS
BUND TECHS: (U18) Key 161.80 Support Gets A Challenge
*RES 4: 163.03/05 May 30 high, 76.4% Fibo of 164.19-159.37
*RES 3: 162.69 1.618 swing of 162.35-161.80
*RES 2: 162.57 Jun 25 high
*RES 1: 162.37/40 Jun 26 high, hourly resistance
*PRICE: 162.29 @0739GMT
*SUP 1: 161.75/80 Jun 26, Jun 22 lows
*SUP 2: 161.52 Jun 15 high, now support
*SUP 3: 161.26 Jun 21 low
*SUP 4: 160.95 Hourly base Jun 15
*COMMENTARY* After holding 161.80 on Friday, the rally extended through 162.35
on Monday, to reach 162.57, before falling foul of some near term overbought
conditions. The subsequent loss of 161.95 support puts the onus back on 161.80,
a sustained loss here would disappoint now and open up the chance of a deeper
correction of gains from the Jun 8 low at 159.37. Resistance 162.40, then that
162.57, above which would allow 162.69 and then 163.03-163.05 next. 

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