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(Z9): Strikes a New Contract Low *RES.....>

JGB TECHS
JGB TECHS: (Z9): Strikes a New Contract Low
*RES 3: 154.31 - 1.0% 10-dma envelope
*RES 2: 153.93 - High Nov 6
*RES 1: 153.64 - High Nov 21
*PRICE: 152.36 @ 16:25 GMT, Dec 10
*SUP 1: 152.18 - 2.0% Lower Bollinger Band
*SUP 2: 151.86 - Contract Lows
*SUP 3: 151.37 - 1.0% 10-dma envelope
Downside pressure picked up Tuesday, pressuring JGBs to new contract lows of
151.86. The relevance of these levels for the Dec (Z9) contract can be called
into question, however, with focus now on the roll completion headed into the
new year. For bulls to regain any composure, markets must top the Nov 6 high at
153.93.

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