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(H0) All Eyes On Trendline Resistance....>

BUND TECHS
BUND TECHS: (H0) All Eyes On Trendline Resistance
*RES 4: 173.30 High Dec 4
*RES 3: 173.22 High Jan 8 and key intraday resistance
*RES 2: 172.04 Trendline resistance drawn off the Sep 3 high
*RES 1: 171.82 High Jan 17
*PRICE: 171.68 @ 04:51 GMT Jan 20
*SUP 1: 170.65 Low Jan 14
*SUP 2: 170.19 Low Jan 2 and key support
*SUP 3: 170.06 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high
*SUP 4: 170.00 Round number support
H0 Bund is consolidating. The sharp sell-off on Jan 8 still weighs on sentiment
and for now, last week's recovery is being viewed as a correction. Further gains
would open 172.04, the key trendline resistance drawn off the Sep 3 high.
Clearance of this line is required to open the Jan 8 high of 173.22 that also
marks the key bull trigger. A clear breach here would signal a reversal. Support
lies at 170.65, Jan 14 low. A break would be bearish an open 170.19.

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