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(H9) Slips as Equities on Firmer.........>

BUND TECHS
BUND TECHS: (H9) Slips as Equities on Firmer Footing
*RES 4: 165.83 High Sep 5, 2017
*RES 3: 165.00 Inverse head-and-shoulders target
*RES 2: 164.15 High May 29 (continuation chart)
*RES 1: 164.01 High Dec 20
*PRICE: 163.48 @ 14:26 GMT Dec28
*SUP 1: 162.53/83 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
Bunds traded either side of 163.50 Friday, with equities somewhat pulling the
rug under prices as they gained firmer footing. Nonetheless, short and
medium-term momentum indicators continue to point higher, with Bunds comfortably
within the bounds of the bullish trend channel that's dictated play since early
October. To the downside, Bears now target the Dec 12 low/21-dma at 162.53/83,
below which would shift the outlook negative and open the Dec 3 lows at 161.88.

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