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(H0) Tests Its Bull Channel Top *RES.....>

BUND TECHS
BUND TECHS: (H0) Tests Its Bull Channel Top
*RES 4: 180:00 Round number resistance
*RES 3: 179.80 1.382 projection of the Jan 14 - Jan 31 rally from Feb 6 low
*RES 2: 179.12 1.236 projection of the Jan 14 - Jan 31 rally from Feb 6 low
*RES 1: 178.37/38 Bull channel top drawn off the Jan 14 low / High Mar 2
*PRICE: 177.67 @ 04:52 GMT Mar 3
*SUP 1: 176.52 Low Feb 28
*SUP 2: 175.86 Low Feb 27
*SUP 3: 175.54 Bull channel base drawn off the Jan 14 low
*SUP 4: 175.30 High Jan 31 and former breakout level
Bund futures maintain their current bullish form and futures yesterday
registered a fresh trend high print of 178.38. Price has traded at a potentially
important resistance defined by the top of a bull channel drawn off the Jan 14
low. The channel top intersected at 178.23 yesterday. Note too that the trend is
overbought. However a price reversal is required to signal a top and until then
the outlook remains bullish. 179.12 is an objective with support at 176.52.

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