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(H0) Downtrend Resumes *RES 4: 173.62....>

BUND TECHS
BUND TECHS: (H0) Downtrend Resumes
*RES 4: 173.62 Trendline resistance drawn off the Sep 3 high
*RES 3: 173.30 High Dec 4
*RES 2: 172.88 High Dec 11
*RES 1: 171.61 Low Dec 12 and gap high
*PRICE: 171.22 @ 04:40 GMT Dec 13
*SUP 1: 170.75 Intraday 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 weaker having sold off sharply over the past 24hrs. Futures have
today traded below the key support of 170.92, Nov 8 low to confirm a resumption
of the broader downtrend. With a bearish theme clearly in place once again,
scope is seen for weakness towards 170.06 and the psychological 170.00 handle.
The former is a Fibonacci projection. Initial resistance is at yesterday's low
of 172.99 which is also the top of a gap created at today's open.

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