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

BUND TECHS
BUND TECHS: (Z17) Shooting Star Candle Close The Early Warning Here
*RES 4: 163.06 Hourly base Nov 9
*RES 3: 162.88 Hourly recovery high Nov 9 
*RES 2: 162.73 Nov 9 close, now resistance
*RES 1: 162.56 Nov 10 high
*PREVIOUS CLOSE: 162.19                                    
*SUP 1: 162.13/19 Nov 10 low, 50% of 160.76-163.63
*SUP 2: 161.85/86 Hourly base Oct 27, 61.8% of 160.76-163.63
*SUP 3: 161.44 76.4% Fibo of 160.76-163.63
*SUP 4: 161.18 1% volatility band
*COMMENTARY* Rally reached 163.63 just above the 61.8% Fibo retrace at 163.61
last Wednesday. Near term 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, 162.19-162.13
now protecting 161.85. Nearest resistance 162.56-162.73.

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