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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: 172.92/99 T-line resistance drawn off the Sep 3 high / High Dec 12
*RES 2: 172.43 High Dec 16 and a key resistance
*RES 1: 171.88 High Dec 30
*PRICE: 170.68 @ 04:49 GMT Jan 2
*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, Dec 13 low earlier this week to
register a fresh trend low of 170.42. This is an important break as it confirms
a resumption of the downtrend that has been in place since mid-August.
Corrections over December were short-lived and subsequent reversals lower more
impulsive, reinforcing the current bearish theme. Potential is for a move
towards 170.06 next. Initial resistance is at 171.88, Dec 23 high.

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