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(Z17) Fall Targets 162.38-162.20 After...>

BUND TECHS
BUND TECHS: (Z17) Fall Targets 162.38-162.20 After 163.32 Caps Rise
*RES 4: 163.51/55 Swing 163.08-162.38, equality from 162.38
*RES 3: 163.30/32 Nov 22, Nov 28 highs
*RES 2: 163.10 Intraday high
*RES 1: 162.85/95 Hourly resistance
*PRICE: 162.54 @1530GMT
*SUP 1: 162.38 Nov 16 low
*SUP 2: 162.20/25 Congestion area Nov 10-13
*SUP 3: 161.86/91 61.8% of 160.76-163.63, Nov 14 low
*SUP 4: 161.60 Equality fall from 163.32 to 163.63-161.91
*COMMENTARY* Unable to push higher and sustain a break above 163.22. This the
Nov 8 low, as well as a 76.4% Fibo retrace of the 163.63-161.91 fall, witnessed
at the beginning of the month. A high of 163.32 seen on Tuesday before today
162.61 support gave way. Below cautions and suggests scope for a deeper
162.38-162.20 fall. Meanwhile, resistance from 162.85-163.10 now bars the way
higher again.

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