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(Z9) Firmer Within The Channel *RES 4:...>

BUND TECHS
BUND TECHS: (Z9) Firmer Within The Channel
*RES 4: 172.82 High Oct 15
*RES 3: 172.26 Channel resistance drawn off the Sep 3 high
*RES 2: 172.03 High Oct 31 and key resistance
*RES 1: 171.15 High Nov 14
*PRICE: 170.78 @ 04:46 GMT Nov 15
*SUP 1: 169.67 Low Nov 13
*SUP 2: 169.12 Low Nov 8 and bear trigger
*SUP 3: 168.50 1.382 projection of Sep 3 - Sep 13 decline from Sep 25 high
*SUP 4: 168.27 Projected channel base drawn off Sep 3 high
Z9 Bund was firmer again yesterday and continues to retrace territory lost
during last weeks sell-off. Key resistance at 170.97, Nov 7 high was breached
yesterday. This signals scope for an extension higher and opens 172.03, Oct 31
high. The top of the bear channel drawn off the Sep 3 high intersects at 172.26.
While the channel top holds, this weeks recovery continues to be viewed as a
correction. Support for now lies at 169.67, Wednesday's low.

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