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(H0) Firmer Above Former Trendline.......>

BUND TECHS
BUND TECHS: (H0) Firmer Above Former Trendline
*RES 4: 173.30 High Dec 4
*RES 3: 173.22 High Jan 8 and key intraday resistance
*RES 2: 172.61 76.4% retracement of the Jan 8 - Jan 14 sell-off
*RES 1: 172.50 High Jan 22
*PRICE: 172.47 @ 04:48 GMT Jan 23
*SUP 1: 171.83 Former trendline resistance drawn off the Sep 3 high
*SUP 2: 171.35 Low Jan 16
*SUP 3: 170.65 Low Jan 14
*SUP 4: 170.19 Low Jan 2 and key support
H0 Bund traded higher Wednesday. Futures have this week managed to breach for
the second time this month, trendline resistance at 171.97. The trendline is
drawn off the Sep 3 high. The clear breach of the trendline has strengthened a
bullish case and signals the early stages of a potential reversal that opens
173.22 next, the Jan 8 high and key resistance. On the downside, initial support
has been identified at 171.83, the former trendline resistance-now-support.

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