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(Z17) Rally Challenging Dual.............>

BUND TECHS
BUND TECHS: (Z17) Rally Challenging Dual Resistance From 163.19
*RES 4: 163.87 1% volatility band
*RES 3: 163.61 61.8% Fibo of 165.69-160.24
*RES 2: 163.43 Sep 8 high
*RES 1: 163.19/24 6 week bull channel proj'n, intraday high
*PRICE: 163.10 @1604GMT                                   
*SUP 1: 162.83 Oct 31 high, now support
*SUP 2: 162.60 Hourly base Nov 2
*SUP 3: 162.44 Oct 31 low
*SUP 4: 162.24 Nov 2 low
*COMMENTARY* Rally challenging and slightly above 163.19, the 6 week bull
channel projection and also the swing target of the recent 162.78-160.76 fall.
Clearly sustained move through here and then not much in the way of a continued
rise towards the Sep 8 high at 163.43. In the interim, support also on the rise,
the Oct 31 high at 162.83 currently protects against any deeper 162.69-162.44
pullback. Should stay above the latter now to retain recent momentum.

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