(Z9) Heading South *RES 4: 173.31 Low....>

BUND TECHS: (Z9) Heading South

*RES 4: 173.31 Low Oct 1 and former breakout point

*RES 3: 173.15 High Oct 11

*RES 2: 172.82 High Oct 15

*RES 1: 172.29 High Oct 16

*PRICE: 171.62 @ 03:23 GMT Oct 17

*SUP 1: 171.37 Low Oct 16

*SUP 2: 171.00 Round number support

*SUP 4: 170.63 2.500 projection of Sep 25 - Oct 1 decline from Oct 3 high

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

Z9 Bund maintains a bearish outlook printing a fresh low yesterday at 171.37 and

extending the current downward cycle. With momentum studies in a bear mode too,

continued weakness is still expected near-term. The 171.46 objective has been

achieved, attention now turns to 171.00 and 170.43. The latter is a Fibonacci

projection. On the upside, resistance is at 172.29 although a break above

173.15, Oct 11 high is required to ease the bearish pressure.