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(U9) Correction unfolds *RES 4: 180.13...>

BUND TECHS
BUND TECHS: (U9) Correction unfolds
*RES 4: 180.13 1.00 projection of Jul 12-Jul 25 rally from the Aug 8 low
*RES 3: 179.66 Contract high Aug 15 and key resistance
*RES 2: 179.19 High Aug 20
*RES 1: 178.94 High Aug 22
*PRICE: 177.80 @ 02:36 GMT Aug 23
*SUP 1: 177.65 Low Aug 22
*SUP 2: 176.96 Low Aug 9
*SUP 3: 176.45 38.2% retracement of Jul 12-Aug 15 rally
*SUP 4: 176.12 Aug 6 low
U9 Bund selling pressure intensified Thursday resulting in a break of trendline
support at 178.47, drawn off the July 12 low. Support at 177.82, the low of Aug
19 has also been cleared and these developments confirm a short-term top and the
start of a correction. This has also validated the bearish dark cloud cover
candle on Aug 16. Potential is for an extension towards the 176.45 Fibonacci
level. Resistance is at 179.19, the Aug 20 high.

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