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(H0) Corrective Mode *RES 4: 175.00......>

BUND TECHS
BUND TECHS: (H0) Corrective Mode
*RES 4: 175.00 Round number resistance
*RES 3: 174.84 1.382 projection of the Jan 2 - Jan 8 rally from Jan 14 low
*RES 2: 174.40 1.236 projection of the Jan 2 - Jan 8 rally from Jan 14 low
*RES 1: 174.48 High Jan 28
*PRICE: 173.44 @ 04:49 GMT Jan 29
*SUP 1: 173.41 Low Jan 27 and intraday low
*SUP 2: 172.60/57 Jan 24 low / 50% of the Jan 14 - Jan 28 rally
*SUP 3: 172.35 Low Jan 23
*SUP 4: 172.11 61.8% retracement of the Jan 14 - Jan 28 rally
H0 Bund pulled back yesterday and appears to be following through today. This
move reflects an easing of the risk averse mood that has dominated market
sentiment recently. From a technical standpoint, the move lower is being viewed
as a correction following sharp gains since Jan 14. Trendline resistance drawn
off the Sep 3 high has been breached and this represents a bullish development.
Support levels to watch are located at 173.02 and 172.60.

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