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(U9) Correction Lower Taking Shape.......>

BUND TECHS: (U9) Correction Lower Taking Shape
*RES 4: 179.11 Channel top from July 15 low
*RES 3: 178.00 Psychological level
*RES 2: 177.74/83 U9 contract high Aug 7, Bollinger band top
*RES 1: 177.55 High Aug 9
*PRICE: 177.50 @ 03:48 GMT Aug 9
*SUP 1: 176.21 23.6% of 177.74 to 171.25
*SUP 2: 175.98/82 Support line from July 12, Gap base from Aug 2 close
*SUP 3: 175.26 38.2% of 177.74 to 171.25
*SUP 4: 174.57/05 21-DMA, High July 4
U9 Bund correction taking shape as daily studies turn lower from overbought
territory. Correction risk to 176.21 - 23.6% of 177.74 to 171.25 move with move
to 1 month support line at 175.98 not ruled out. Below here, gap to 175.82 is at
risk. Initial resistance is at 177.42 and Bollinger band top at 177.53.

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