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

BUND TECHS
BUND TECHS: (U9) Potential Hanging Man Signals Reversal
*RES 4: 179.11 Channel top from July 15 low
*RES 3: 179.00 Psychological level
*RES 2: 178.00 Psychological level
*RES 1: 177.74 U9 contract high Aug 7
*PRICE: 177.02 @ 04:48 GMT Aug 8
*SUP 1: 176.58/60 Gap base from Aug 6 close; 5-DMA
*SUP 2: 175.82 Gap base from Aug 2 close
*SUP 3: 174.52 Low July 31
*SUP 4: 174.31/05 21-DMA; High 4 July
U9 Bund has failed to sustain gains to fresh contract high at 177.74 with
another potential shooting star candlestick noted - small body, long upper wick,
and little or no lower wick, implying a bearish pattern during an uptrend. On
the downside, gaps to 176.58 and 175.82 remain at risk.

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