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(Z9) Holding Above Last Weeks Low *RES...>

BUND TECHS
BUND TECHS: (Z9) Holding Above Last Weeks Low
*RES 4: 173.37 50-day EMA
*RES 3: 173.15 High Oct 11
*RES 2: 172.82 High Oct 15
*RES 1: 172.29 High Oct 16
*PRICE: 171.79 @ 03:09 GMT Oct 18
*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: 170.00 Round number support
Z9 Bund traded lower Friday. Prices however remain above last weeks low of
170.73. In Japanese candle terms, Thursday's price pattern is a long-legged
doji. This signals a low in the downtrend has been identified and, marks a
potential reversal signal. Bears should be on the lookout for a recovery above
resistance at 172.29, Oct 16 high. This would reinforce the chances of a
reversal. A breach of low of 170.73 is required to resume the downtrend.

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