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(H0) Clears Trendline Resistance *RES....>

BUND TECHS
BUND TECHS: (H0) Clears Trendline Resistance
*RES 4: 173.30 High Dec 4
*RES 3: 173.22 High Jan 8 and key intraday resistance
*RES 2: 172.61 76.4% retracement of the Jan 8 - Jan 14 sell-off
*RES 1: 172.27 High Jan 21
*PRICE: 171.95 @ 04:25 GMT Jan 22
*SUP 1: 171.35 Low Jan 16
*SUP 2: 170.65 Low Jan 14
*SUP 3: 170.19 Low Jan 2 and key support
*SUP 4: 170.06 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high
H0 Bund traded higher Tuesday and importantly managed to breach for the second
time this month, trendline resistance at 171.97. The trendline is drawn off the
Sep 3 high. The clear breach of the trendline has strengthened a bullish case
and signals the early stages of a potential reversal that opens 173.22 next, the
Jan 8 high and key resistance. On the downside, initial support has been
identified at 171.35, Jan 16 low.

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