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(Z9) Confirms Break Of 172.18 *RES 4:....>

BUND TECHS
BUND TECHS: (Z9) Confirms Break Of 172.18
*RES 4: 174.14 High Oct 10
*RES 3: 173.31 Low Oct 1 and former breakout point
*RES 2: 173.15 High Oct 11
*RES 1: 172.82 High Oct 15
*PRICE: 171.88 @ 03:21 GMT Oct 16
*SUP 1: 171.63 Low Oct 15
*SUP 2: 171.46 2.000 projection of Sep 25 - Oct 1 decline from Oct 3 high
*SUP 4: 171.00 Round number support
*SUP 3: 170.66 200-day EMA on continuation charts
Z9 Bund was softer yesterday extending the recent decline and confirming a
convincing break of former support at 172.18. With momentum studies in a bear
mode too, continued weakness is expected near-term with the focus on 171.46
next, a Fibonacci projection level ahead of the 171.00 level. Potential is also
seen for a move down towards the 200-day EMA on continuation charts, which is
today valued at 170.66. Resistance is at 173.15.

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