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(Z17) 163.10 Break Sees Focus Switch.....>

BUND TECHS
BUND TECHS: (Z17) 163.10 Break Sees Focus Switch Higher Again
*RES 4: 164.40 76.4% Fibo of 165.69-160.24
*RES 3: 163.99 1.618 swing of 163.32-162.24
*RES 2: 163.63 Nov 8 high
*RES 1: 163.30/32 Nov 22, Nov 28 highs
*PRICE: 162.87 @0949GMT
*SUP 1: 162.70/80 Hourly support
*SUP 2: 162.52 Hourly base Nov 30
*SUP 3: 162.24 Nov 30 low
*SUP 4: 161.86/91 61.8% of 160.76-163.63, Nov 14 low
*COMMENTARY* The move above 163.10 has switched the near term bias back to the
topside and focus again on the 163.30-163.32 area, that capped rallies at the
back end of last month. Through here and attention switches to the Nov 8 high at
163.63, basically a 61.8% Fibo retrace of the 165.69-160.24 fall seen earlier in
the year. Meanwhile, support comes from 162.80-162.70 and then more importantly
162.52. Through 163.63 and the swing target at 163.99 bars the way to 164.40.

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