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(Z17) 162.75-162.50 Hold Is Important....>

BUND TECHS
BUND TECHS: (Z17) 162.75-162.50 Hold Is Important To Upside Hopes
*RES 4: 164.30/36 1% volatility band, 76.4% of 165.69-160.24
*RES 3: 163.63 Nov 8 high
*RES 2: 163.51/55 Swing 163.08-162.38, equality from 162.38
*RES 1: 163.22 Nov 8 low, 76.4% Fibo of 163.63-161.91
*PRICE: 162.93 @0718GMT
*SUP 1: 162.65/75 Hourly support
*SUP 2: 162.50 Nov 17 low
*SUP 3: 162.38 Nov 16 low
*SUP 4: 162.20 Congestion area Nov 10-13
*COMMENTARY* A high of 163.16 on Monday as we attempt to chase down the key near
term resistance from 163.22. This the Nov 8 low, as well as the 76.4% Fibo
retrace of the 163.63-161.91 fall, witnessed at the beginning of the month.
Support remains from between 162.75-162.50, only back below the latter will
caution and suggest scope for a 162.38-162.20 fall. Directly through 163.22 and
dual resistance from 163.51-55 bars the way to the month's 163.63 high.

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