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

BUND TECHS
BUND TECHS: (Z17) Shooting Star Candle Close The Early Warning
*RES 4: 163.61/63 61.8% Fibo of 165.69-160.24, Nov 8 high
*RES 3: 163.40 Nov 9 high
*RES 2: 163.22 Nov 8 low, now resistance
*RES 1: 162.85/95 61.8% Hourly resistance
*PRICE: 162.38 @1005GMT                                   
*SUP 1: 162.24 Nov 2 low
*SUP 2: 162.19 50% Fibo of 160.76-163.63
*SUP 3: 161.85/86 Hourly base Oct 27, 61.8% of 160.76-163.63
*SUP 4: 161.44 76.4% Fibo of 160.76-163.63
*COMMENTARY* Rally reached a high of 163.63 just above the 61.8% Fibo retrace at
163.61 on Wednesday. Hourly studies became extremely overbought as a result,
basically giving no  scope to move higher than this at the time, especially
given the 'shooting star' candle close on the daily chart. With Thursday's loss
of 162.95-162.83 this has opened the way for  a deeper correction, 162.24-162.19
now protecting 161.85. Resistance 162.85-95 and stronger from 163.22.

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