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(Z17) Rally Continues, 161.62-161.98.....>

BUND TECHS
BUND TECHS: (Z17) Rally Continues, 161.62-161.98 Next Resistance Area
*RES 4: 162.68 76.4% Fibo of 163.43-160.24
*RES 3: 162.21 61.8% Fibo of 163.43-160.24
*RES 2: 161.98 Sep 25 high
*RES 1: 161.62 Sep 26 low, now resistance
*PRICE: 161.37 @0939GMT                                   
*SUP 1: 161.16/20 Overnight gap, now support
*SUP 2: 161.03 Hourly base Oct 3
*SUP 3: 160.79 5 day rising support line
*SUP 4: 160.65/66 Oct 3, Oct 2 lows
*COMMENTARY* Has recovered well from last week's 160.24 low, the initial rally
to 161.31 looking 5 wave impulsive and the interim dip to 160.66 a 3 wave
correction. Directly above 161.33-37 and the Sep 26 low at 161.62 now stands in
the way of a return to the Sep 25 high at 161.98, where further questions will
be asked of any bounce. Meanwhile, support seen from between 161.20-161.03 and
then the 5 day rising support line at 160.79.

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