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(Z17) Decline Heads Toward Decent........>

BUND TECHS
BUND TECHS: (Z17) Decline Heads Toward Decent 161.86-161.85 Support
*RES 4: 162.88 Hourly recovery high Nov 9
*RES 3: 162.73 Nov 9 close, now resistance
*RES 2: 162.55/56 Nov 13, Nov 10 highs
*RES 1: 162.35/40 Hourly resistance
*PREVIOUS CLOSE: 162.05                                    
*SUP 1: 161.85/86 Hourly base Oct 27, 61.8% of 160.76-163.63
*SUP 2: 161.44 76.4% Fibo of 160.76-163.63
*SUP 3: 161.11/12 1% volatility band, 8 week support line
*SUP 4: 160.76 Oct 25 low
*COMMENTARY* The fallout from the 'shooting star' candle close last Wednesday
continues. Monday saw the loss of 162.13 support, as we now make our way toward
what is anticipated to be decent support in the 161.86-161.85 area. This also
the swing target of the recent 162.13-162.55 recovery. Resistance falls slightly
to 162.35-162.40, back above the latter would be helpful but no real impetus
will follow until 162.56 is breached. 

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