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(Z18) Bearish Downtrend *RES 4: 150.63....>

JGB TECHS
JGB TECHS: (Z18) Bearish Downtrend
*RES 4: 150.63 - 100-DMA (Continuation chart)
*RES 3: 150.58 - High Aug 22
*RES 2: 150.49 - 50-DMA (Continuation chart)
*RES 1: 150.32 - Downtrend beginning July
*PRICE: 150.26 @ 16:45 GMT, Sep 11
*SUP 1: 149.75 - Spike Low Aug 2
*SUP 2: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 3: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
*SUP 4: 149.28 - Spike Low Feb 3, 17 (Continuation chart)
**Note that the current Active contract is now Dec18.
The JGB continuous contract remains in the steady downtrend which began in July,
and continues to hug trendline resistance now coming in at 150.32. Absent a
break higher, the short/medium/long-term trends all remain negative. Bears will
be looking to a continued move lower to tentative support around 150.12, but the
bigger test will be the 149.75 level representing the spike low on Aug 2.

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