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(Z17) Rally Capped Just Below Swing......>

BUND TECHS: (Z17) Rally Capped Just Below Swing Target
*RES 4: 164.40 76.4% Fibo of 165.69-160.24
*RES 3: 163.92/99 Dec 1 high, 1.618 swing of 163.32-162.24
*RES 2: 163.72 Hourly high Dec 1
*RES 1: 163.50/54 Hourly resistance
*PRICE: 163.17 @0941GMT
*SUP 1: 163.03 Hourly base Dec 1
*SUP 2: 162.88 Nov 30 high, now support
*SUP 3: 162.52 Dual hourly lows Nov 30 
*SUP 4: 162.24 Nov 30 low
*COMMENTARY* Swept through previous 163.63 high last Friday, to end up within a
whisker of the swing target at 163.99. A high of 163.92 seen, before submitting
to some near term overbought conditions. This leaves us in the middle of the
daily bull channel, that has been evident since late October. Now correcting the
recent 5 wave move up from 162.24, with support from 163.03-162.88 to provide
directional clues on the day. Meanwhile, 163.50-163.72 resistance.

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