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

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

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

*RES 3: 173.03/30 Trendline resistance drawn off the Sep 3 high / High Dec 4

*RES 2: 172.99 High Dec 12

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

*PRICE: 171.70 @ 04:55 GMT Dec 27

*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 and the near-term focus remains on the next key

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

remains intact 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.