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(Z9) Pushes Higher *RES 4: 172.82 High...>

BUND TECHS
BUND TECHS: (Z9) Pushes Higher
*RES 4: 172.82 High Oct 15
*RES 3: 172.03 High Oct 31 and key resistance
*RES 2: 171.95 Channel resistance drawn off the Sep 3 high
*RES 1: 171.29 Intraday high
*PRICE: 171.20 @ 05:45 GMT Nov 20
*SUP 1: 170.55 Low Nov 18
*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 firmer this morning as futures extend gains. Price action has cleared
resistance at 171.15, Nov 14 high and attention turns to resistance at 172.03,
Oct 31 high. Note, the top of a bear channel drawn off the Sep 3 high intersects
at 171.95. The 171.95-172.03 zone marks a key resistance and while this area
holds, the broader trend remains down with current gains still viewed as a
correction. Initial support lies at 170.55, Nov 18 low.

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