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(H0) Gains Extend Above Former...........>

BUND TECHS
BUND TECHS: (H0) Gains Extend Above Former Trendline
*RES 4: 173.61 High Nov 28
*RES 3: 173.30 High Dec 4
*RES 2: 173.22 High Jan 8 and key resistance
*RES 1: 173.09 High Jan 22
*PRICE: 172.83 @ 04:35 GMT Jan 24
*SUP 1: 172.35 Low Jan 23
*SUP 2: 171.83 Former trendline resistance drawn off the Sep 3 high
*SUP 3: 171.35 Low Jan 16
*SUP 4: 170.65 Low Jan 14
H0 Bund traded higher again Wednesday and gains appear to be accelerating
following this week's breach of trendline resistance drawn off the Sep 3 high.
The clear break of the trendline has reinforced 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, former trendline resistance now offers support
at 171.76.

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