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(Z17) 161.35 Break Would Aid Near Term...>

BUND TECHS
BUND TECHS: (Z17) 161.35 Break Would Aid Near Term Recovery Prospects
*RES 4: 162.04/12 Oct 19 low, opening gap Oct 19-20
*RES 3: 161.78 Oct 23 high
*RES 2: 161.60/65 Congestion area Oct 23
*RES 1: 161.31/35 Oct 25 high, Oct 20 low
*PRICE: 161.13 @0844GMT                                   
*SUP 1: 160.76 Oct 25 low
*SUP 2: 160.59 Oct 6 low
*SUP 3: 160.19/24 1% volatility band, Sep 28 low
*SUP 4: 159.80 61.8% Fibo of 157.55-163.43
*COMMENTARY* Recovery faltered at 161.78 at the beginning of the week and fresh
downside interest has ensued. This has seen the key 161.11-161.08 area give way
as well as a brief spike below the 76.4% Fibo retrace level at 160.84 on
Wednesday. Any lower and have to start considering a deeper fall and a return to
the Oct 6 low at 160.59. In the interim, look to 161.31-161.35 for initial
resistance and the current bar to any near term recovery prospects.

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