(H0) Edges Lower *RES 4: 173.61 Nov 28...>

BUND TECHS: (H0) Edges Lower

*RES 4: 173.61 Nov 28 high and key bull trigger

*RES 3: 173.27/30 Trendline resistance drawn off the Sep 3 high / High Dec 4

*RES 2: 172.99 High Dec 12

*RES 1: 172.43 High Dec 16

*PRICE: 171.57 @ 04:53 GMT Dec 19

*SUP 1: 171.35 Low Dec 18

*SUP 2: 170.75 Dec 13 low

*SUP 3: 170.06 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high

*SUP 4: 169.77 1.764 projection of Nov 28 - Dec 3 decline from Dec 4 high

H0 Bund traded lower yesterday. The outlook remains bearish despite the bounce

on Dec 13 that for now, is not considered an early reversal signal. The initial

sell-off that day resulted in a break of key support at 170.92, Aug 11 low. This

is a bearish development confirming a resumption of the broader downtrend. A

break of 170.75 would open 170.06 and the psychological 170.00 handle. Clearance

of 172.43 is needed to reverse the outlook.