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(Z17) 'Shooting Star' Candle Close.......>

BUND TECHS
BUND TECHS: (Z17) 'Shooting Star' Candle Close Remains Near Term Concern
*RES 4: 163.70 1% volatility band
*RES 3: 163.52 1.618 swing of 162.81-161.66
*RES 2: 162.81 Aug 29 high
*RES 1: 162.37/42 Hourly resistance, Aug 31 high
*PRICE: 162.19 @1112GMT                                   
*SUP 1: 161.80/90 Hourly support, 6 week rising support line
*SUP 2: 161.66 Sep 1 low, 50% Fibo of 160.50-162.81
*SUP 3: 161.38 Aug 23 low, 61.8% Fibo of 160.50-162.81
*SUP 4: 161.05 76.4% Fibo of 160.50-162.81
*COMMENTARY* Has been suffering the fallout from last Tuesday's 'shooting star'
daily candle close. This has cast a shadow on recent gains and enforced a
correction of the rise seen since the Aug 16 low at 160.50. Has seen a 50%
pullback to 161.66 so far. The subsequent rise has eased a little of the
pressure but today needs to stay above 161.80-90 in oder to hold the 6 week
rising support line. Resistance 162.37-162.42, above the latter would help.

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