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(Z9) Holding Onto Gains *RES 4: 172.82...>

BUND TECHS
BUND TECHS: (Z9) Holding Onto Gains
*RES 4: 172.82 High Oct 15
*RES 3: 172.23 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: 170.89 @ 04:38 GMT Nov 18
*SUP 1: 170.26 Low Nov 14
*SUP 2: 169.67 Low Nov 13
*SUP 3: 169.12 Low Nov 8 and bear trigger
*SUP 4: 168.50 1.382 projection of Sep 3 - Sep 13 decline from Sep 25 high
Z9 Bund is holding onto gains achieved last week. Key resistance at 170.97, Nov
7 high was breached Thursday and this signals scope for an extension higher
near-term opening 172.03, Oct 31 high. The top of a bear channel drawn off the
Sep 3 high intersects at 172.23. While the channel top holds, the broader trend
remains down and recent gains continue to be viewed as a correction. Initial
support lies at 170.26, Oct 14 low.

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