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(Z17) 161.11-161.08 Support Comes........>

BUND TECHS
BUND TECHS: (Z17) 161.11-161.08 Support Comes Under Pressure
*RES 4: 162.25/27 Series hourly highs/lows Oct 18-19
*RES 3: 162.04/12 Oct 19 low, opening gap Oct 19-20
*RES 2: 161.78 Oct 23 high
*RES 1: 161.50/60 Hourly resistance
*PRICE: 161.11 @1527GMT                                   
*SUP 1: 161.01/11 Intraday low, 76.4% Fibo of 160.59-162.78
*SUP 2: 160.84 76.4% Fibo of 160.24-162.783
*SUP 3: 160.59 Oct 6 low
*SUP 4: 160.24 Sep 28 low, 1% volatility band
*COMMENTARY* Recovery faltered at 161.78 and fresh downside interest has ensued.
This has seen 161.35 give way today, beneath which the key 161.11 level and
161.08, the swing target of the recent 161.35-161.78 rise, have come under
pressure. As yet unable to sustain a break below here, a low of 161.01 before
bouncing again. Clear loss however will caution and put focus on the next Fibo
retrace at 160.84. Resistance 161.50-60, above the latter would help.

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