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(H0) Trendline Resistance Breached.......>

BUND TECHS
BUND TECHS: (H0) Trendline Resistance Breached
*RES 4: 173.61 High Nov 28
*RES 3: 173.30 High Dec 4
*RES 2: 173.22 Intraday high
*RES 1: 172.64 Trendline resistance drawn off the Sep 3 high
*PRICE: 172.43 @ 04:45 GMT Jan 8
*SUP 1: 171.91 Low Jan 7 and intraday key support
*SUP 2: 171.10 Low Jan 3
*SUP 3: 170.19 Low Jan 2 and key support
*SUP 4: 170.06 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high
H0 Bund maintains a firmer tone following the strong rebound late last week.
Overnight, futures spiked to a high of 173.22 but have since retraced. This has
led to a breach of the key trendline resistance at 172.64. The trendline is
drawn off the Sep 3 high and a clear breach would signal a stronger reversal.
The focus for today will be on the overnight high of 173.22, a move above this
level would open 173.61 next. Initial support is at 171.91, Tuesdays low.

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