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(U9) Path of least resistance still up...>

BUND TECHS
BUND TECHS: (U9) Path of least resistance still up
*RES 4: 178.55 2.618 projection of Mar 4-Mar 28 rally off Apr 17 low
*RES 3: 178.40 Bull channel top drawn off the Jul 12 low
*RES 2: 178.00 Psychological level
*RES 1: 177.84 High Aug 13
*PRICE: 177.75 @ 02:48 GMT Aug 14
*SUP 1: 176.97 Trendline support drawn off the Jul 12 low
*SUP 2: 176.38 Low Aug 8
*SUP 3: 175.93 Low Aug 5
*SUP 4: 174.92 High Jul 25
U9 Bund broader uptrend remains intact. The price sequence of higher highs and
higher lows, that defines an uptrend remains intact. Price action also continues
to hold above trendline support, today at 176.97. The trendline is drawn off the
Jul 12 low and represents an important support. The daily condition is
overbought, however until a bearish condition is confirmed, this does not
represent a significant threat to bulls. The focus is on 178.00.

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