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(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.

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