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BUND TECHS
BUND TECHS: (H0) Retraces Recent Gains
*RES 4: 173.87 Trendline resistance drawn off the Sep 3 high
*RES 3: 173.61 High Nov 28
*RES 2: 173.30 High Dec 4
*RES 1: 172.74 High Dec 5
*PRICE: 172.18 @ 04:38 GMT Dec 6
*SUP 1: 171.91 Low Dec 5
*SUP 2: 171.61 Low Dec 3 and key near-term support
*SUP 3: 171.51 Low Nov 18
*SUP 4: 170.92 Low Nov 8 and primary support
H0 Bund traded lower Thursday and continues to retrace into Tuesday bullish
range. The focus returns to this weeks low of 171.61 where a break would expose
further bearish pressure and open the key support at 170.92, Nov 8 low. For a
bullish focus to return, price firstly needs to hold above 171.61 and trade
above Wednesday's high of 173.30. This would open the near-term bull trigger at
173.61, Nov 28 high.

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