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(H1) Selling Pressure

BUND TECHS
  • RES 4: 178.77 High Dec 11 and a key near-term resistance
  • RES 3: 178.44 High Dec 21
  • RES 2: 178.37 High Jan 4
  • RES 1: 177.85 Intraday high
  • PRICE: 177.41 @ 05:53 GMT Jan 6
  • SUP 1: 177.27 Low Dec 30
  • SUP 2: 177.01 Low Dec 23 and key support
  • SUP 3: 176.83 Low Dec 3
  • SUP 4: 176.63 Low Dec 2

Bund futures have stalled this week at 178.37 and have started today's session on a softer note. With resistance at 178.44 intact, Dec 21 high, attention once again turns to support at 177.01, the Dec 23 low. A break of this level would set the scene for a deeper sell-off and open 176.63, Dec 2 low. On the upside, clearance of 178.37 would once again highlight a bullish development. Under pressure for now.

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