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(Z17) Rally Continues, 161.98-162.21.....>

BUND TECHS
BUND TECHS: (Z17) Rally Continues, 161.98-162.21 Next Upside Targets
*RES 4: 162.21 61.8% Fibo of 163.43-160.24
*RES 3: 161.98 Sep 25 high
*RES 2: 161.82 Oct 4 high
*RES 1: 161.55/65 Hourly resistance
*PRICE: 161.48 @1054GMT                                   
*SUP 1: 161.05 Hourly support
*SUP 2: 160.92 6 day rising support line
*SUP 3: 160.65/66 Oct 3, Oct 2 lows
*SUP 4: 160.24 Sep 28 low
*COMMENTARY* 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. The subsequent move back above 161.31-37 and also the Sep 26 low at
161.62 now leaves the Sep 25 high at 161.98 as next resistance, where further
questions will be asked of any bounce. Meanwhile, support seen from 161.05 and
then the 5 day rising support line at 160.92.

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