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(H0): Consolidating But Remains Bearish...>

JGB TECHS
JGB TECHS: (H0): Consolidating But Remains Bearish
*RES 3: 153.94 - 1.0% 10-dma envelope
*RES 2: 153.58 - High Nov 28
*RES 1: 153.11 - High Dec 4
*PRICE: 152.37 @ 19:46 GMT, Dec 13
*SUP 1: 151.91 - Low Dec 13
*SUP 2: 151.83 - Contract lows, Dec 10
*SUP 3: 150.92 - 1.0% 10-dma envelope
JGB price action is consolidative for now. Having struck new contract lows
earlier in the week, the outlook remains resolutely bearish. A clear downtrend
remains in place for now with a price sequence of lower lows and lower highs
evident. The trigger for a fresh round of weakness is 151.83, Dec 10 contract
low. A break would confirm a resumption of the downtrend and open 151.69 and
151.52, the 1.236 and 1.382 projections of the decline between Nov 28 - Dec 3
from the Dec 4 high. Initial resistance is at 152.50.

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