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(Z17) Rally Removes Threat From..........>

BUND TECHS
BUND TECHS: (Z17) Rally Removes Threat From 'Shooting Star' Candle Close
*RES 4: 163.81 1% volatility band
*RES 3: 163.52 1.618 swing of 162.81-161.66
*RES 2: 163.08 Max 5th wave target in rise from 157.55
*RES 1: 162.93 Sep 5 high
*PRICE: 162.63 @1515GMT                                   
*SUP 1: 162.28 Sep 4 high, now support
*SUP 2: 162.04 6 week rising support line
*SUP 3: 161.96 Sep 5 low
*SUP 4: 161.66 Sep 1 low
*COMMENTARY* Tuesday's rally to a fresh high removes the threat from last week's
'shooting star' daily candle close. A high of 162.93 so far, as we move towards
the next upside resistance, the maximum 5th wave target at 163.08. Some near
term overbought conditions are currently being rectified, with initial support
anticipated from above the Sep 4 high at 162.28. Loss would put pressure firstly
on the 6 week rising support line at 162.04 and then the Sep 5 low at 161.96.

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