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(H0) Corrective Bounce *RES 4: 173.30....>

BUND TECHS
BUND TECHS: (H0) Corrective Bounce
*RES 4: 173.30 High Dec 4
*RES 3: 172.85/99 T-line resistance drawn off the Sep 3 high / High Dec 12
*RES 2: 172.43 High Dec 16 and a key resistance
*RES 1: 171.88 High Dec 30
*PRICE: 171.49 @ 04:45 GMT Jan 3
*SUP 1: 170.19 Low Dec 2
*SUP 2: 170.06 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high
*SUP 3: 170.00 Round number support
*SUP 4: 169.77 1.764 projection of Nov 28 - Dec 3 decline from Dec 4 high
H0 Bund traded lower again yesterday to register a fresh trend low of 170.19
however futures did find support off the day low. This is an important break as
it confirms a resumption of the downtrend that has been in place since
mid-August. The current recovery is being viewed as a correction ahead of a
resumption of the downtrend. Initial resistance is at 171.88, Dec 23 high.
Attention is on 170.06 and 169.77, both Fibonacci projections.

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