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

BUND TECHS
BUND TECHS: (H0) Correcting
*RES 4: 173.30 High Dec 4
*RES 3: 173.22 High Jan 8 and key intraday resistance
*RES 2: 172.18 Trendline resistance drawn off the Sep 3 high
*RES 1: 171.72 High Jan 9
*PRICE: 171.53 @ 04:40 GMT Jan 16
*SUP 1: 170.65 Low Jan 14
*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 futures were firmer yesterday. Whether recent gains are the start of a
stronger bull run is too early to tell. The sharp sell-off from Jan 8 still
weighs on sentiment and for now the recovery is being viewed as a correction.
Further gains would open 172.18, the trendline resistance drawn off the Sep 3
high. Clearance of this level is needed to open the Jan 8 high of 173.22 that
also marks the key bull trigger. Support lies at 170.65, Jan 14 low.

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