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(Z17) Key 161.62 Area Under Attack.......>

BUND TECHS
BUND TECHS: (Z17) Key 161.62 Area Under Attack Today
*RES 4: 162.88/91 Opening gap Sep 8-Sep 11
*RES 3: 162.64/79 Sep 11 low, broken 7 week support line
*RES 2: 162.32 Hourly recovery high Sep 12
*RES 1: 162.07 Sep 13 high
*PRICE: 161.65 @1130GMT                                   
*SUP 1: 161.56/62 Intraday low, 61.8% Fibo of 160.50-163.43
*SUP 2: 161.50 Aug 25 low
*SUP 3: 161.14/18 Aug 18 low, 38.2% Fibo of 157.55-163.43
*SUP 4: 160.73 1% volatility band
*COMMENTARY* Pressure on the 61.8% Fibo retrace level at 161.62, a spike lower
to 161.56 already seen today, before recovering back towards initial resistance
at 162.07. It is back above here that is needed before any real near term
respite will be forthcoming and allow a better recovery of losses from the
month's 163.43 high. Sustained break below 161.62-161.56 and next real
attraction is the 161.18-161.14 region.

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