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  • RES 4: 171.72 High Sep 23
  • RES 3: 170.36 50-day EMA
  • RES 2: 170.55 High Oct 4
  • RES 1: 169.27/92 20-day EMA / High Oct 14 and key resistance
  • PRICE: 168.68 @ 05:16 BST Oct 27
  • SUP 1: 167.79 2.50 proj of the Sep 9 - 17 - 21 price swing
  • SUP 2: 167.52 Low Mar 19 2020
  • SUP 3: 166.33 Low May 21 2019
  • SUP 4: 165.94 Low May 10 2019

Bund futures gains are considered corrective. The contract remains in a downtrend and the break last week of 168.21, Oct 12 low marks a resumption of the bear trend. This opens 167.79 next, a Fibonacci projection and 167.52, the Mar 19, 2020 low (cont). Moving average signals continue to point south, reinforcing current trend conditions. Key trend resistance is seen at 169.92, the Oct 14 high. A break would signal a reversal.