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(Z9) Bounces Off Former Trendline *RES...>

BUND TECHS
BUND TECHS: (Z9) Bounces Off Former Trendline
*RES 4: 175.62 High Sep 12
*RES 3: 175.07 61.8% of Sep 3 - Sep 13 decline
*RES 2: 174.97 High Sep 25
*RES 1: 174.54 High Sep 27
*PRICE: 173.79 @ 03:35 GMT Oct 2
*SUP 1: 173.31/29 Intraday low / Low Sep 20
*SUP 2: 173.14 Former trendline resistance drawn off Sep 3 high
*SUP 3: 172.65 Low Sep 18
*SUP 4: 172.18 Low Sep 13 and key support
Z9 Bund traded lower yesterday but did bounce off the day low of 173.31
coinciding with former trendline resistance drawn off the Sep 3 high, breached
on Sep 23. While the recovery offers some encouragement to bulls, activity
remains below last weeks high of 174.97 and the 61.8% level of Sep 3 - Sep 13
decline. The retracement, at 175.07 is an important pivot point. A break would
open 175.62 and higher. Sub 173.31/29 levels would expose the downside.

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