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(Z9) Attention Back On Channel Top.......>

BUND TECHS
BUND TECHS: (Z9) Attention Back On Channel Top
*RES 4: 172.82 High Oct 15
*RES 3: 172.03 High Oct 31 and key resistance
*RES 2: 171.79 Channel resistance drawn off the Sep 3 high
*RES 1: 171.56 High Nov 20
*PRICE: 171.22 @ 05:39 GMT Nov 25
*SUP 1: 170.31 Low Nov 22
*SUP 2: 169.67 Low Nov 13
*SUP 3: 169.12 Low Nov 8 and bear trigger
*SUP 4: 168.50 1.382 projection of Sep 3 - Sep 13 decline from Sep 25 high
Z9 Bund rebounded Friday. In order to signal potential for a stronger recovery
though, prices need to clear 171.56, Nov 20 high and more importantly 171.70,
the bear channel resistance drawn off the Sep 3 high. Clearance of this
resistance zone would signal a reversal. Note, two bearish candle patterns were
confirmed last week, a shooting star Wednesday and bearish engulfing reversal
Thursday. A move below Friday's 170.31 low would be bearish.

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