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(U9) Potential Hanging Man Signals.......>

BUND TECHS
BUND TECHS: (U9) Potential Hanging Man Signals Reversal
*RES 4: 178.00 Psychological level
*RES 3: 177.01 Bull channel top from Apr 17 low
*RES 2: 176.97 U9 contract high Aug 7
*RES 1: 176.90 10Y Bund -.55% yield
*PRICE: 176.90 @ 04:04 GMT Aug 7
*SUP 1: 176.19 5-DMA
*SUP 1: 175.82 Gap base from Aug 2 close
*SUP 2: 174.52 Low July 31
*SUP 3: 174.05/07 High 4 July; 21-DMA
U9 Bund continues to show top reversal behaviour with yesterday's hanging man
candlestick following two consecutive shooting star candlestick patterns - small
body, long upper wick, and little or no lower wick, implying a bearish pattern
during an uptrend. The daily studies continue to look extremely overbought and
at historic levels of reversal. Support is at 175.82/83.

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