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(U9) Trendline intact *RES 4: 180.13.....>

BUND TECHS
BUND TECHS: (U9) Trendline intact
*RES 4: 180.13 1.00 projection of 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: 179.19 High Aug 20
*PRICE: 178.62 @ 02:56 GMT Aug 22
*SUP 1: 178.47 Trendline support
*SUP 2: 177.82 Low Aug 19
*SUP 3: 176.96 Low Aug 9
*SUP 4: 176.45 38.2% retracement of Jul 12-Aug 15 rally
U9 Bund lacks direction just now. The focus is on trendline support drawn off
the July 12 low and continues to represent a key support. It intersects at
178.47 today. A break of the line and 177.82, the low of Aug 19 would confirm a
short-term top and the start of a correction. This week we have highlighted the
importance of the bearish dark cloud cover candle on Aug 16. A trendline break
would validate the pattern. On the upside, a 179.66 break resumes the uptrend.

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