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(H19) 21-dma Key Support *RES 4:.........>

BUND TECHS
BUND TECHS: (H19) 21-dma Key Support
*RES 4: 165.00 Inverse head-and-shoulders target
*RES 3: 164.15 High May 29 (continuation chart)
*RES 2: 163.88 High Aug 17 (continuation chart)
*RES 1: 163.63 High Dec 10
*PRICE: 162.76 @ 16:33 GMT Dec13
*SUP 1: 162.30 21-dma
*SUP 2: 161.88 Low Dec 3
*SUP 3: 161.32 Low Nov 23
*SUP 4: 161.10 Up trendline support from Oct lows
After triggering a triple top pattern Wednesday, the technical picture continues
to tilt in favour of the bears, despite an ECB-induced mini-rally Thursday. This
downmove initially targets 161.50. The 21-dma lies just ahead of there at
162.30, below which would confirm the topping pattern. Bulls look to close above
163.63 to extend the uptrend and open the Aug 17 highs on the continuation
chart.

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