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(H0) Focus Is On The Bull Channel Top....>

BUND TECHS
BUND TECHS: (H0) Focus Is On The Bull Channel Top
*RES 4: 180:00 Round number resistance
*RES 3: 179.80 1.382 projection of the Jan 14 - Jan 31 rally from Feb 6 low
*RES 2: 179.12 1.236 projection of the Jan 14 - Jan 31 rally from Feb 6 low
*RES 1: 178.38/51 High Mar 2 / Bull channel top drawn off the Jan 14 low
*PRICE: 178.17 @ 04:53 GMT Mar 4
*SUP 1: 176.83 Low Mar 3
*SUP 2: 175.86 Low Feb 27
*SUP 3: 175.68 Bull channel base drawn off the Jan 14 low
*SUP 4: 175.30 High Jan 31 and former breakout level
Bund futures remain in an uptrend. Price earlier this week traded at a
potentially important resistance though defined by the top of a bull channel
drawn off the Jan 14 low. The channel top intersected at 178.23 Monday. Note too
that the trend is overbought. However a price reversal is required to signal a
top and until then the outlook remains bullish. 179.12 is an objective with
support at 176.83.

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