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(H19) Cycle Highs Back In Focus *RES.....>

BUND TECHS
BUND TECHS: (H19) Cycle Highs Back In Focus
*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: 163.37 @ 04:32 GMT Dec 18 
*SUP 1: 162.53/56 Low Dec 13/21-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 
Risk off sentiment has put a bid back in German Bunds, with the Dec 10 highs at
163.63 now squarely back in focus. Bulls look to close above here to extend the
uptrend and open the Aug 17 highs on the continuation chart. To shift the
outlook negative bears would need to break below the Dec 12 low/21-dma at
162.53/56, but momentum is looking increasingly bullish at present. 

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