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(Z17) Holds Key Intraday Support,........>

BUND TECHS
BUND TECHS: (Z17) Holds Key Intraday Support, 163.08-163.52 Target Area
*RES 4: 164.10 6 week bull channel top projection
*RES 3: 163.92 1% volatility band
*RES 2: 163.52 1.618 swing of 162.81-161.66
*RES 1: 163.08 Max 5th wave target in rise from 157.55
*PRICE: 163.07 @1422GMT                                   
*SUP 1: 162.40/50 Hourly support 
*SUP 2: 162.16/22 6 week rising support line, intraday low
*SUP 3: 161.96 Sep 5 low
*SUP 4: 161.66 Sep 1 low
*COMMENTARY* Tuesday's rally to a fresh high removes the threat from last week's
'shooting star' daily candle close. A renewed rise again today, as we move
towards the next upside resistance, between 163.08 and the swing target at
163.52. Some near term overbought conditions have been rectified, with initial
support now anticipated from above 162.40-50, the 6 week rising support line at
162.16 remaining safely out of reach so far today.

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