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(Z17) 161.35 Break Spurs Recovery,.......>

BUND TECHS
BUND TECHS: (Z17) 161.35 Break Spurs Recovery, 162.04-162.30 Resistance
*RES 4: 162.78 Oct 17 high
*RES 3: 162.56 Oct 19 high
*RES 2: 162.30 76.4% Fibo of 162.78-160.76
*RES 1: 162.04/12 Oct 19 low, opening gap Oct 19-20
*PRICE: 161.96 @1710GMT                                   
*SUP 1: 161.40/50 Hourly support
*SUP 2: 161.24/28 Initial intraday recovery highs
*SUP 3: 160.95 Intraday low
*SUP 4: 160.76 Oct 25 low
*COMMENTARY* Wednesday saw a brief spike below the 76.4% Fibo retrace level at
160.84, to a low of 160.76, before recovering slightly on the back of some near
term oversold conditions. This has been exacerbated today by the further rise
through 161.35 resistance. This has opened the way for a correction of recent
losses from the month's 162.78 high. Further rise above 161.78 now leaves
162.04-162.30 as a potential barrier above. Support now from 161.50-161.40. 

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