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(Z17) Recovers After Test To.............>

BUND TECHS
BUND TECHS: (Z17) Recovers After Test To 162.25-162.20 Support
*RES 4: 163.63 Nov 8 high
*RES 3: 163.30/32 Nov 22, Nov 28 highs
*RES 2: 163.10 Nov 29 high
*RES 1: 162.90 Hourly resistance
*PRICE: 162.72 @1610GMT
*SUP 1: 162.40/50 Hourly support
*SUP 2: 162.20/25 Congestion area Nov 10-13
*SUP 3: 161.86/91 61.8% of 160.76-163.63, Nov 14 low
*SUP 4: 161.60 Equality fall from 163.32 to 163.63-161.91
*COMMENTARY* Unable to push higher and sustain a break above 163.22. This the
Nov 8 low, as well as a 76.4% Fibo retrace of the 163.63-161.91 fall, witnessed
at the beginning of the month. A high of 163.32 seen on Tuesday before 162.61
support gave way on Wednesday. Below cautions and suggests scope for a deeper
162.25-162.20 fall. This the protection to the 161.91-161.86 area again.
Meanwhile, resistance now from 162.90-163.10 bars the way higher.

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