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(Z9) Approaching key retracement level...>

BUND TECHS
BUND TECHS: (Z9) Approaching key retracement level
*RES 4: 175.76 76.4% of Sep 3 - Sep 13 decline
*RES 3: 175.62 High Sep 12
*RES 2: 175.07 61.8% of Sep 3 - Sep 13 decline
*RES 1: 174.90 Intraday high
*PRICE: 174.82 @ 03:44 GMT Sep 25
*SUP 1: 174.03 Former trendline resistance drawn off the Sep 3 high
*SUP 2: 173.29 Low Sep 20
*SUP 3: 172.65 Low Sep 18
*SUP 4: 172.18 Low Sep 13 and key support
Z9 Bund strengthened again yesterday extending the current recovery and
following through on yesterday's break of trendline resistance at 174.38, drawn
off the Sep 3 high. Price action has also breached the 50% retracement of Sep 3
- Sep 13 decline and attention has turned to the 61.8% level at 175.07. If this
recovery is indeed a correction, the 61.8% level will play an important pivotal
role as resistance. A break would be bullish. Support to watch lies at 173.23

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