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(Z9) Bear Trend Resumption *RES 4:.......>

BUND TECHS
BUND TECHS: (Z9) Bear Trend Resumption
*RES 4: 172.93/73.15 50-day EMA / High Oct 11
*RES 3: 172.82 High Oct 15
*RES 2: 172.29 High Oct 16
*RES 1: 171.96 High Oct 24 and key near-term resistance
*PRICE: 170.66 @ 04:39 GMT Oct 29
*SUP 1: 170.43 2.618 projection of Sep 25 - Oct 1 decline from Oct 3 high
*SUP 2: 170.29 1.000 projection of Sep 3 - Sep 13 decline from Sep 25 high
*SUP 4: 169.40 Bear channel base drawn off Sep 3 high
*SUP 3: 168.50 1.382 projection of Sep 3 - Sep 13 decline from Sep 25 high
Z9 Bund resumed its downtrend yesterday, breaking through support at 170.73, Oct
17 low. This negates the pattern focused on recently, the long-legged doji
candle pattern from Oct 17 that marked a potential reversal signal. The move
lower confirms bears remain in charge with the focus on 170.43 and 170.29, both
Fibonacci projection levels. Key resistance has been defined at 171.96, Oct 24
high.

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