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(H0) Consolidating *RES 4: 173.30 High...>

BUND TECHS
BUND TECHS: (H0) Consolidating
*RES 4: 173.30 High Dec 4
*RES 3: 173.22 High Jan 8 and key intraday resistance
*RES 2: 172.43 Trendline resistance drawn off the Sep 3 high
*RES 1: 171.51 High Jan 9
*PRICE: 171.38 @ 04:53 GMT Jan 13
*SUP 1: 170.85 Low Jan 10
*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 found support off the low Friday however for now, futures appear to be
consolidating. In terms of direction, the near-term outlook is bearish. The
sell-off last Wednesday places on hold the recent bullish focus. Price last week
failed to remain and close above trendline resistance drawn off the Sep 3 high
and the 50-day EMA, an indicator used as a reliable trend signal. The risk is
for a retest of 170.19, Jan 2 low. Resistance is at 172.43.

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