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(H0) Consolidating *RES 4: 173.41........>

BUND TECHS: (H0) Consolidating
*RES 4: 173.41 Trendline resistance drawn off the Sep 3 high
*RES 3: 173.30 High Dec 4
*RES 2: 172.99 High Dec 12
*RES 1: 172.43 High Dec 16
*PRICE: 172.71 @ 04:41 GMT Dec 18
*SUP 1: 170.75 Dec 13 low
*SUP 2: 170.06 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high
*SUP 3: 170.00 Psychological level
*SUP 4: 169.77 1.764 projection of Nov 28 - Dec 3 decline from Dec 4 high
H0 Bund is trading in a relatively quiet manner this week. Whether the bounce on
Dec 13 bounce is the start of a stronger recovery is too early to tell. The
initial sell-off that day resulted in a break of key support at 170.92, Aug 11
low. This is a bearish development confirming a resumption of the broader
downtrend. A break of 170.75 would open 170.06 and the psychological 170.00
handle. A break of 172.99 is needed to reverse the outlook.

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