(H0) Downside Risk Remains *RES 4:.......>

BUND TECHS: (H0) Downside Risk Remains

*RES 4: 173.69 Trendline resistance drawn off the Sep 3 high

*RES 3: 173.61 High Nov 28

*RES 2: 173.30 High Dec 4

*RES 1: 172.74 High Dec 5

*PRICE: 172.18 @ 04:43 GMT Dec 11

*SUP 1: 171.83 Low Dec 6

*SUP 2: 171.61 Low Dec 3 and key near-term support

*SUP 3: 171.51 Low Nov 18

*SUP 4: 170.92 Low Nov 8 and primary support

H0 Bund is unchanged and consolidating. The near-term risk however is still

skewed to the downside following the recent pullback. The focus is on last weeks

low of 171.61 where a break would expose a deeper move lower towards key support

at 170.92, Nov 8 low. For a bullish focus to return, price needs to hold above

171.61 and trade through 173.30, Dec 4 high. This would open the near-term bull

trigger at 173.61, Nov 28 high and trendline resistance at 173.69.