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(H0) Trendline Resistance Is Pivotal.....>

BUND TECHS
BUND TECHS: (H0) Trendline Resistance Is Pivotal
*RES 4: 173.30 High Dec 4
*RES 3: 172.99 High Dec 12
*RES 2: 172.71 Trendline resistance drawn off the Sep 3 high
*RES 1: 172.60 High Jan 6
*PRICE: 172.00 @ 04:50 GMT Jan 7
*SUP 1: 171.10 Low Jan 3
*SUP 2: 170.19 Low Jan 2 and key support
*SUP 3: 170.06 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high
*SUP 4: 170.00 Round number support
H0 Bund maintains a firmer tone following the strong rebound late last week. The
break above resistance at 171.88, Dec 23 high and 172.43, Dec 16 high has
brought into focus the key trendline resistance at 172.71. The trendline is
drawn off the Sep 3 high. Clearance of the trendline would signal a stronger
reversal. Thus far the trendline remains intact and for now the broader
downtrend holds. On the downside, initial support is at 171.10, Friday's low.

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