(2/2) - The next piece to this bullish...>

BUND TECHS: (2/2)

- The next piece to this bullish puzzle is the 50-day EMA. This average is

regarded as a reliable directional indicator. For now, the study still

highlights a bearish trend. For this to change, price will need to overcome the

average (currently being tested at 172.23) and remain above it to further

reinforce a sentiment shift to bullish.

- Latest developments suggest the likelihood of a near-term recovery has

increased significantly and that for now a key low has been put in place at

170.19, the Jan 2 low.

- Look for Bunds to extend the upside near-term towards 173.22, Jan 8 high and

the 174.00 handle over the coming weeks.

- Key supports and risk to a bullish scenario lie at 170.65, Jan 14 low and

170.19, the Jan 2 low.

- https://emedia.marketnews.com/marketnewsintl/BUNDJan20.png