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BUND TECHS: (Z17) 162.61 Still Protects Against A Deeper Correction
*RES 4: 163.73 1.618 swing of 163.30-162.61
*RES 3: 163.63 Nov 8 high
*RES 2: 163.51/55 Swing 163.08-162.38, equality from 162.38
*RES 1: 163.27/30 Nov 21, Nov 22 highs
*PRICE: 163.08 @1605GMT
*SUP 1: 162.61 Nov 22 low
*SUP 2: 162.38 Nov 16 low
*SUP 3: 162.20/25 Congestion area Nov 10-13
*SUP 4: 161.86/91 61.8% of 160.76-163.63, Nov 14 low
*COMMENTARY* A high of 163.30 last Wednesday, unable to sustain a break above
the key near term resistance from 163.22. The Nov 8 low, as well as a 76.4% Fibo
retrace of the 163.63-161.91 fall, witnessed at the beginning of the month.
Support now from 162.61, any lower will caution and suggest scope for a
162.38-162.20 fall. Maintained break of 163.22-30 and dual resistance from
163.51-55 before the month's 163.63 high and second swing target at 163.73.