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(Z9) Trading Just Below The Channel......>

BUND TECHS: (Z9) Trading Just Below The Channel Top
*RES 4: 173.15 High Oct 11
*RES 3: 172.82 High Oct 15
*RES 2: 172.03 High Oct 31 and key resistance
*RES 1: 171.48/56 Channel top drawn off the Sep 3 high / High Nov 20
*PRICE: 171.34 @ 05:48 GMT Nov 28
*SUP 1: 170.88 Low Nov 26
*SUP 2: 170.31 Low Nov 22
*SUP 3: 169.67 Low Nov 13
*SUP 4: 169.12 Low Nov 8 and bear trigger
Z9 Bund was quiet yesterday. Prices remain below resistance at 171.56, Nov 20
high and just below 171.48, the bear channel resistance drawn off the Sep 3
high. A break of this resistance zone is required to highlight a potential
reversal that would open 172.03 initially, Oct 31 high. This would also negate
bearish candle patterns confirmed last week that continue to play a role in
highlighting a possible top and a threat to bulls. Key support lies at 170.31.

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