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(Z9) Lower Within Its Range *RES 4:......>

BUND TECHS
BUND TECHS: (Z9) Lower Within Its Range
*RES 4: 173.02/15 50-day EMA / High Oct 11
*RES 3: 172.82 High Oct 15
*RES 2: 172.29 High Oct 16
*RES 1: 171.96 High Oct 24
*PRICE: 171.08 @ 04:21 GMT Oct 28
*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 price action last week briefly probed resistance at 171.93. A convincing
break of this level however is still required to signal a bullish development.
The focus recently has been on the long-legged doji candle pattern from Oct 17
that suggests a low in the downtrend has been established and marks a potential
reversal signal. A clear break of 171.93, Oct 17 high would confirm a reversal
and open 173.15. Key support is still at 170.73, Oct 17 low.

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