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(Z9) Closing In On Support *RES 4:.......>

BUND TECHS
BUND TECHS: (Z9) Closing In On Support
*RES 4: 172.99 Trendline resistance drawn off Sep 3 high
*RES 3: 172.82 High Oct 15
*RES 2: 172.29 High Oct 16
*RES 1: 172.03 High Oct 31
*PRICE: 170.83 @ 04:33 GMT Nov 5
*SUP 1: 170.56 Low Oct 28 and key support
*SUP 2: 170.43 2.618 projection of Sep 25 - Oct 1 decline from Oct 3 high
*SUP 3: 170.29 1.000 projection of Sep 3 - Sep 13 decline from Sep 25 high
*SUP 4: 170.00 Round number support
Z9 Bund retains a softer tone having last week failed to deliver a clear break
of key resistance at 171.96 last week, touching a high of 172.03 Thursday.
172.03 marks key resistance where a break is required to signal a bullish
reversal. A break higher would likely also have positive momentum behind it with
these indicators having recently unwound an oversold condition. Primary support
is at 170.56, the focus is on this support for now as futures trade lower.

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