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(U9) Focus is on trendline support.......>

BUND TECHS
BUND TECHS: (U9) Focus is on trendline support
*RES 4: 180.13 1.00 projection of the Jul 12-Jul 25 rally from the Aug 8 low
*RES 3: 180.00 Psychological round number
*RES 2: 179.66 Contract high Aug 15 and key resistance
*RES 1: 178.84 High Aug 19
*PRICE: 178.23 @ 02:54 GMT Aug 20
*SUP 1: 177.97/74/ Trendline support / High Aug 7 and former bull trigger
*SUP 2: 176.96 Low Aug 9
*SUP 3: 176.45 38.2% retracement of the Jul 12-Aug 15 rally
*SUP 4: 176.33 Low Aug 8
U9 Bund extended its pullback Monday reinforcing the importance of Friday's dark
cloud cover bearish candle formation. The focus is on trendline support drawn
off the Jul 12 low at 177.97. A break would signal potential for a deeper
correction and allow the overbought condition in momentum to unwind. This would
open the Fibonacci retracement levels at 176.45 and 175.45 further out. The key
resistance and bull trigger is at 179.66.

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