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(Z9) Bear flag formation *RES 4:.........>

BUND TECHS: (Z9) Bear flag formation
*RES 4: 175.62 High Sep 12
*RES 3: 174.73Trendline resistance drawn off the Sep 3 high
*RES 2: 174.00 Round number resistance
*RES 1: 173.63 High Sep13
*PRICE: 173.30 @ 03:31 GMT Sep 20
*SUP 1: 172.65 Low Sep 18
*SUP 2: 172.18 Low Sep 13
*SUP 3: 172.00 Round number support
*SUP 4: 171.79 61.8% retracement of Jul 12 - Sep 3 rally
Z9 Bund remains largely unchanged. This week's recovery still lacks an impulsive
character and appears corrective. Also, recent activity is taking on the
appearance of a bear flag. This is a continuation pattern and if correct,
reinforces the likelihood the current downtrend is set to extend. The focus is
on the 61.8% retracement of the rally between Jul 12 - Sep 3 at 171.79, also
seen as the next crucial support. Resistance for now remains 173.63.

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