(H0) Path Of Least Resistance Remains....>

BUND TECHS: (H0) Path Of Least Resistance Remains Down

*RES 4: 173.61 Nov 28 high and key bull trigger

*RES 3: 173.30 High Dec 4

*RES 2: 172.99 High Dec 12 and t-dline resistance drawn off the Sep 3 high

*RES 1: 172.43 High Dec 16 and a key resistance

*PRICE: 171.63 @ 04:50 GMT Dec 30

*SUP 1: 170.90 Low Dec 19

*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 outlook is unchanged. The focus remains on the next key support at

170.75, Dec 13 low. The underlying downtrend that began in August still

dominates in terms of direction and a breach of 170.75 would confirm a

resumption of this broader move lower. This would open 170.06 and 169.77, both

Fibonacci projection levels. A move through the 170.00 psychological level would

also dent sentiment further. Key near-term resistance is at 172.43, Dec 16 high.