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(U9) Dark cloud cover candle *RES 4:.....>

BUND TECHS
BUND TECHS: (U9) Dark cloud cover candle
*RES 4: 180.25 3.00 projection of the Mar 1-Mar 28 rally from the Apr 17 low
*RES 3: 180.13 1.00 projection of the Jul 12-Jul 25 rally from the Aug 8 low
*RES 2: 180.00 Psychological round number
*RES 1: 179.66 Contract high Aug 15 and key resistance
*PRICE: 178.61 @ 02:43 GMT Aug 19
*SUP 1: 178.14 Low Aug 16
*SUP 2: 177.72/74 Trendline support / High Aug 7 and former bull trigger
*SUP 3: 176.96 Low Aug 9
*SUP 4: 176.33 Low Aug 8
U9 Bund failed to extend the upside on Friday. A candle pattern known as dark
cloud cover has been confirmed and for the 1st time in a while, one can consider
the potential for either a consolidative pause in the trend, or a correction.
Trend support drawn off the Jul 12 low intersects at 177.72 marking the 1st key
support for bulls. A break would signal the potential for a correction, perhaps
towards the lower end of 176.00. Key resistance is at 179.66.

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