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(M0) Broad Double Top Reversal *RES 4:...>

BUND TECHS
BUND TECHS: (M0) Broad Double Top Reversal
*RES 4: 174.00 Round number resistance
*RES 3: 172.47 High Mar 17
*RES 2: 171.39 High MAr 18
*RES 1: 170.47 Intraday resistance
*PRICE: 169.06 @ 04:36 GMT Mar 19
*SUP 1: 168.24 Low Mar 18
*SUP 2: 167.72 Low May 30 2019 (cont)
*SUP 3: 167.18 Low May 27 2019 (cont)
*SUP 4: 166.86 Low May 23 2109 (cont)
Bund futures fell sharply Wednesday as European gov bonds faced significant
selling pressure. The move lower has wiped out all of this year's gains. This
week has seen price also trade through the 50-day EMA to highlight a reversal
rather than a correction at this stage. Furthermore, a large double top on the
RX1 chart highlights a potential broad based reversal. The focus is on 167.72
and 167.18, Fibonacci projection levels.

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