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(U9) Consolidating ahead of 179.66.......>

BUND TECHS
BUND TECHS: (U9) Consolidating ahead of 179.66
*RES 4: 180.05 1.00 projection of Jul 12-Jul 25 rally from the Aug 8 low
*RES 3: 180.00 Round number resistance
*RES 2: 179.66 Contract high Aug 15 and key resistance
*RES 1: 179.46 High Aug 28
*PRICE: 178.87 @ 02:30 GMT Aug 30
*SUP 1: 178.22 Low Aug 26
*SUP 2: 177.48 Low Aug 23 and bear trigger
*SUP 3: 176.96 Low Aug 9
*SUP 4: 176.45 38.2% retracement of Jul 12-Aug 15 rally
U9 Bund remains closer to the upper end of the consolidative range that has
developed since Aug 15. For now, the focus is on the contract high of 179.66
from Aug 15. Clearance of this level would confirm a resumption of the uptrend &
open the 180.05 Fibonacci projection. A move below the 178.22, Aug 26 low and
more importantly, 177.48, the Aug 23 low is required to signal a top. Momentum
studies in this instance would likely be bearish and reinforce a bearish threat.

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