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(U9) Focus back on 179.66 *RES 4:........>

BUND TECHS
BUND TECHS: (U9) Focus back on 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: 179.35 @ 02:58 GMT Aug 29
*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 was firmer again yesterday with price action trading above 179.19/21,
the Aug 20 and 26 high. With this area cleared, the correction that was expected
has been placed on hold. The focus now shifts to the contract high of 179.66,
Aug 15 high. Clearance of this level would confirm a resumption of the uptrend
and 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.

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