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(M0) Volatile Price Action *RES 4:.......>

BUND TECHS
BUND TECHS: (M0) Volatile Price Action
*RES 4: 180.00 Round number resistance
*RES 3: 179.63 2.000 projection of the Jan 13 - Jan 31 rally from Feb 6 low
*RES 2: 179.31 High Mar 9 and bull trigger
*RES 1: 177.91 High Mar 10
*PRICE: 177.61 @ 04:47 GMT Mar 11
*SUP 1: 175.41 Low Mar 110
*SUP 2: 174.62 Low Mar 4
*SUP 3: 174.35 20-day EMA
*SUP 4: 173.56 Trendline support drawn off the Jan 14 low
Bund futures were down sharply at one point yesterday but bounced off the low to
close near session highs. Price remains below Monday's 179.31 high. The trend is
overbought and perhaps now we can consider the beginning of a much needed
technical correction. The move below Friday's 175.91 low suggests scope for a
test of 174.62, Mar 4 low. The 20-day EMA intersects at 174.35 and represents an
important area of support. Initial resistance is at 177.91.

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