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

BUND TECHS
BUND TECHS: (Z9) Bear flag formation
*RES 4: 175.62 High Sep 12
*RES 3: 174.38 Trendline resistance drawn off the Sep 3 high
*RES 2: 174.00 Round number resistance
*RES 1: 173.84 High Sep 20
*PRICE: 173.81 @ 03:40 GMT Sep 23
*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 pushed higher Friday but failed to hold onto the days high. Recent gains
lack an impulsive character and continue to appear corrective. Also, this price
action 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 61.8% of the rally between Jul 12 - Sep 3 at 171.79.
Trendline resistance drawn off the Sep 9 high intersects at 174.38.

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