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(H19) Double Top Potential *RES 4:......>

BUND TECHS
BUND TECHS: (H19) Double Top Potential 
*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: 163.16 @ 05:11GMT 
*SUP 1: 163.00 Support
*SUP 2: 161.88 Low Dec 3 
*SUP 3: 161.32 Low Nov 23 
*SUP 4: 161.10 Up trendline support from Oct lows 
Bund futures were unable to consolidate gains above last Thursday's highs
yesterday with losses extending down through 163.00 at one point before
recovering some losses. Bears now look for a close below 163.00 to trigger a
double top formation which would target a move down towards the Dec 3 low at
161.88. Bulls look to close above 163.63 to extend the bullish trend and
reignite upside momentum and open the Aug 17 highs on the continuation chart. 

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