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(H0) Fails To Hold Above Trendline.......>

BUND TECHS
BUND TECHS: (H0) Fails To Hold Above Trendline Resistance
*RES 4: 173.61 High Nov 28
*RES 3: 173.30 High Dec 4
*RES 2: 173.22 High Jan 8 and key intraday resistance
*RES 1: 172.55 Trendline resistance drawn off the Sep 3 high
*PRICE: 171.39 @ 04:15 GMT Jan 9
*SUP 1: 171.26 Low Jan 8
*SUP 2: 171.10 Low Jan 3
*SUP 3: 170.19 Low Jan 2 and key support
*SUP 4: 170.06 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high
H0 Bund was extremely choppy yesterday as the market gyrated on the back of
developments in the Middle East. Technically, the sell-off yesterday places on
hold the recent bullish focus. From a trend perspective, price failed to remain
and close above trendline resistance drawn off the Sep 3 high and the 50-day
EMA, an indicator used as a reliable trend signal. A break 171.10, Jan 3 low
would reopen key support at 170.19, Jan 2 low. Resistance is at 173.22.

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