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(Z9) Consolidates But Remains Bearish....>

BUND TECHS: (Z9) Consolidates But Remains Bearish
*RES 4: 172.29 High Oct 16
*RES 3: 172.03 High Oct 31 and key resistance
*RES 2: 171.47 High Nov 4
*RES 1: 170.97 High Nov 7 and congestive resistance
*PRICE: 169.80 @ 04:47 GMT Nov 13
*SUP 1: 169.12 Low Nov 8 and bear trigger
*SUP 2: 168.50 1.382 projection of Sep 3 - Sep 13 decline from Sep 25 high
*SUP 3: 168.49 Projected channel base drawn off Sep 3 high
*SUP 4: 167.97 1.500 projection of Sep 3 - Sep 13 decline from Sep 25 high
Z9 Bund is largely unchanged and maintains a bearish outlook. This follows sharp
losses last week that confirmed again a resumption of the downtrend that has
been in place since Sep 3. In candle terms, price action on Nov 7 is a standard
line, a continuation pattern that reinforces the current bearish theme. The
focus is on the168.50/49 level next. This marks a Fibonacci projection and the
base of a channel drawn off Sep 3 high . Resistance is at 170.97.

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