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(Z17) 160.66-160.50 Becomes Important....>

BUND TECHS: (Z17) 160.66-160.50 Becomes Important To Near Term Direction
*RES 4: 161.98 Sep 25 high
*RES 3: 161.62 Sep 26 low, now resistance
*RES 2: 161.37 Oct 2 high
*RES 1: 161.15/21 Hourly resistance
*PRICE: 161.09 @1528GMT                                   
*SUP 1: 160.65/66 Intraday, Oct 2 lows
*SUP 2: 160.50 Hourly congestion Sep 28
*SUP 3: 160.24 Sep 28 low
*SUP 4: 159.77/80 Jul 24 high, 61.8% of 157.55-163.43
*COMMENTARY* Has recovered well from last week's 160.24 low, the initial rally
to 161.31 looking 5 wave impulsive and the interim dip to 160.66 a 3 wave
correction. Directly above 161.33-37 and then the Sep 26 low at 161.62 then
stands in the way of a return to the Sep 25 high at 161.98, where further
questions will be asked of any bounce. Meanwhile, support from that 160.66 low
and then 160.50, now protects against anything untoward at present.

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