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Resend: (H1) Volatile But Remains Bullish

BUND TECHS
  • RES 4: 179.17 High Nov 4 and key resistance
  • RES 3: 179.01 High Nov 5
  • RES 2: 178.89 1.00 proj of Nov 11 - 30 rally from Dec 2 low
  • RES 1: 178.55 High Dec 10
  • PRICE: 178.22 @ 04:38 GMT Dec 11
  • SUP 1: 177.77 Low Dec 10
  • SUP 2: 177.36 Low Dec 7
  • SUP 3: 177.15 Low Dec 4
  • SUP 4: 176.63 Low Dec 2 and the near-term bear trigger

Bund futures traded in a volatile manner yesterday. The contract maintains a positive tone following this week's gains and breach of 178.10, Nov 30 high. The break of this hurdle signals scope for an extension of the recovery that started Nov 11 and opens 178.89 next, a Fibonacci projection. On the downside, key support has been defined at 176.63, Dec 2 low. A break is required to reinstate a bearish theme. Initial support is at 177.77.

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