(Z9) Focus Is On Last Weeks Low *RES.....>

BUND TECHS: (Z9) Focus Is On Last Weeks Low

*RES 4: 173.15/27 High Oct 11 / 50-day EMA

*RES 3: 172.82 High Oct 15

*RES 2: 172.29 High Oct 16

*RES 1: 171.93 High oct 17

*PRICE: 170.82 @ 03:20 GMT Oct 22

*SUP 1: 170.73 Low Oct 17

*SUP 2: 170.43 2.618 projection of Sep 25 - Oct 1 decline from Oct 3 high

*SUP 4: 170.29 1.000 projection of Sep 3 - Sep 13 decline from Sep 25 high

*SUP 3: 169.84 Bear channel base drawn off Sep 3 high

Z9 Bund was softer yesterday with attention on last weeks low of 170.73. A break

of this low is required to confirm a resumption of the downtrend that has been

in place since Sep 3. Furthermore, a break lower would negate the long-legged

doji candle pattern from Oct 17. This pattern signals a low in the downtrend has

been identified and, marks a potential reversal signal. A recovery above 171.19,

Oct 17 high would reinforce the chances of a reversal.