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(Z9) Pulls Away From Channel Top *RES....>

BUND TECHS
BUND TECHS: (Z9) Pulls Away From Channel Top
*RES 4: 172.82 High Oct 15
*RES 3: 172.03 High Oct 31 and key resistance
*RES 2: 171.34/60 Channel top drawn off the Sep 3 high / High Nov 28
*RES 1: 171.00 Intraday high
*PRICE: 170.68 @ 04:43 GMT Dec 2
*SUP 1: 170.31 Low Nov 22 and key intraday support
*SUP 2: 170.07 61.8% retracement of rally between Nov 8 - Nov 28
*SUP 3: 169.67 Low Nov 13
*SUP 4: 169.12 Low Nov 8 and bear trigger
Z9 Bund is softer today. Recent price action has thus far failed to clear bear
channel resistance drawn off the Sep 3 high despite a brief probe last week.
This failure and the subsequent pullback in price action maintains the broader
downtrend that has been in place since Sep 3. Attention turns to support at
170.31, Nov 22 low where a break would open the 170.07 retracement level and
169.67, Nov 13 low. Key resistance is 171.60, Nov 28 high.

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