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(H0) Fresh Trend Low *RES 4: 173.30......>

BUND TECHS
BUND TECHS: (H0) Fresh Trend Low
*RES 4: 173.30 High Dec 4
*RES 3: 172.99 High Dec 12 and t-dline resistance drawn off the Sep 3 high
*RES 2: 172.43 High Dec 16 and a key resistance
*RES 1: 171.88 High Dec 30
*PRICE: 170.49 @ Close Dec 30
*SUP 1: 170.42 Low Dec 30
*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 through key support at 170.75 yesterday, Dec 13 low to register a
fresh trend low of 170.42. This is an important break as it confirms a
resumption of the broader downtrend that has been in place since mid-August.
Corrections over December have been short-lived and subsequent reversals lower
more impulsive, reinforcing the current bearish sentiment condition. Potential
is for a move towards 170.06 next. Initial resistance is at 171.88, Dec 23 high.

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