(H0): Consolidating *RES 3: 153.55 -......>

JGB TECHS: (H0): Consolidating

*RES 3: 153.55 - High Nov 28 and key resistance

*RES 2: 153.11 - High Dec 4

*RES 1: 152.50 - High Dec 9

*PRICE: 152.07 @ 16:25 GMT, Dec 18

*SUP 1: 151.83 - Contract lows, Dec 10

*SUP 2: 151.69/52 - Fibonacci projections of Nov 28 - Dec 3 decline from Dec 4

high.

*SUP 3: 150.72 - 1.0% 10-dma envelope

JGB price action is consolidative for now. A clear downtrend remains in place

though 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 here 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.