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(Z17) Below 160.50 Targets 159.58-79.....>

BUND TECHS
BUND TECHS: (Z17) Below 160.50 Targets 159.58-79
*RES 4: 161.87 21-DMA
*RES 3: 161.62 Low Sept 26 now resistance
*RES 2: 161.44 Hourly support Sept 25a now resistance
*RES 1: 161.06 Hourly resistance Sept 27
*PREVIOUS CLOSE: 160.96
*SUP 1: 160.71 100-DMA
*SUP 2: 160.54 Bollinger band base
*SUP 3: 160.50 Low Aug 16
*SUP 4: 159.79 Low Aug 2
*COMMENTARY: The sell-off from 163.43 sees the contract flirting with 55
(100.91) & 100 (100.71) DMAs although follow through has been a little lacking.
The Bollinger base is the key concern for bears with potential to limit follow
through. Bears now look for a close below 160.50 to shift initial focus to
159.58-79 and overall focus back to July lows (157.55). Bulls now look for a
close above 161.06 to gain breathing room and above 162.15 to end bearish hopes.

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