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(Z9) Stalls Just Above Key Resistance....>

BUND TECHS
BUND TECHS: (Z9) Stalls Just Above Key Resistance
*RES 4: 173.04 Trendline resistance drawn off Sep 3 high
*RES 3: 172.82 High Oct 15
*RES 2: 172.29 High Oct 16
*RES 1: 172.03 High Oct 31
*PRICE: 171.36 @ 04:45 GMT Nov 4
*SUP 1: 171.17 Low Oct 31
*SUP 2: 170.56 Low Oct 28 and key support
*SUP 3: 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
Z9 Bund failed to deliver a clear break of key resistance at 171.96 last week,
touching a high of 172.03 Thursday but selling off Friday. 172.03 marks the key
resistance this week where a break would signal a bullish reversal. A break
higher would likely also have positive momentum behind it with these indicators
having recently unwound an oversold condition and open trendline resistance at
173.04. Primary support has been defined at 170.56.

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