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(Z17) 162.15-162.16 Becomes Key..........>

BUND TECHS
BUND TECHS: (Z17) 162.15-162.16 Becomes Key Intraday Support
*RES 4: 163.86 1% volatility band
*RES 3: 163.52 1.618 swing of 162.81-161.66
*RES 2: 163.08 Max 5th wave target in rise from 157.55
*RES 1: 162.93 Sep 5 high
*PRICE: 162.44 @1042GMT                                   
*SUP 1: 162.15/16 Hourly support, 6 week rising support line
*SUP 2: 161.96 Sep 5 low
*SUP 3: 161.66 Sep 1 low, 23.6% Fibo of 157.55-162.93
*SUP 4: 161.40/45 Congestion area Aug 17-Aug 23
*COMMENTARY* Tuesday's rally to a fresh high removes the threat from last week's
'shooting star' daily candle close. A high of 162.93 so far, as we move towards
the next upside resistance, between 163.08 and the swing target at 163.52. Some
near term overbought conditions are currently being rectified, with initial
support now anticipated from above 162.15-162.16, the latter the 6 week rising
support line.  These protect against a deeper 161.96-161.66 drop.

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