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(Z17) 163.22 Still The Main Barrier To...>

BUND TECHS
BUND TECHS: (Z17) 163.22 Still The Main Barrier To The Recovery
*RES 4: 164.36 76.4% of 165.69-160.24, 1% volatility band
*RES 3: 163.63 Nov 8 high
*RES 2: 163.22 Nov 8 low, 76.4% Fibo of 163.63-161.91
*RES 1: 163.08 Nov 15 high
*PREVIOUS CLOSE: 162.80 
*SUP 1: 162.60 Hourly base Nov 15
*SUP 2: 162.36 Hourly support
*SUP 3: 162.15/20 Hourly high/low Nov 14
*SUP 4: 161.86/91 61.8% of 160.76-163.63, Nov 14 low
*COMMENTARY* The fallout from the 'shooting star' candle saw a low of 161.91 on
Tuesday, on the approach to very decent support around 161.86-161.85. This also
being the swing target of the recent 162.13-162.55 recovery. The subsequent
bounce on the back of some oversold conditions has made it's way back through
Fibo resistance at 162.97. A high of 163.08 before giving back some gains.
162.60-162.36 now provides support. 163.22 still key resistance.

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