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(Z17) 160.49-50 Support Gives As.........>

BUND TECHS
BUND TECHS: (Z17) 160.49-50 Support Gives As Downside Pressure Resumes
*RES 4: 161.62 Sep 26 low, now resistance
*RES 3: 161.35 Hourly high Sep 27
*RES 2: 161.06 Hourly recovery high Sep 27
*RES 1: 160.80/90 Hourly resistance
*PRICE: 160.57 @1109GMT                                   
*SUP 1: 160.24 Intraday low
*SUP 2: 159.77/80 Jul 24 high, 61.8% of 157.55-163.43
*SUP 3: 159.57 1% volatility band
*SUP 4: 159.21 Equality fall from 161.98 to 163.43-160.66
*COMMENTARY* Broke below 160.66 today, then also losing key 160.49-50 support in
the process. A low of 160.24 seen so far but has become oversold in the near
term. In this respect, 160.80-160.90 provides immediate resistance but back
above 161.06 is likely needed before any real corrective process will appear.
Below 160.24 and the next downside attraction becomes the 159.80-159.77 area.

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