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BUND TECHS: (Z9) Watching Directional Triggers
*RES 4: 173.14/15 50-day EMA / High Oct 11
*RES 3: 172.82 High Oct 15
*RES 2: 172.29 High Oct 16
*RES 1: 171.93 High Oct 17 and 23
*PRICE: 171.48 @ 03:13 GMT Oct 24
*SUP 1: 170.73 Low Oct 17
*SUP 2: 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
*SUP 3: 169.84 Bear channel base drawn off Sep 3 high
Z9 Bund has defined two clear directional parameters at 171.93 and 170.73.
Attention is on the long-legged doji candle pattern from Oct 17. This pattern
suggests a low in the downtrend has been identified and marks a potential
reversal signal. A recovery above 171.93, Oct 17 high would confirm a near-term
reversal and likely clear the way for gains towards 173.15. Key support lies at
170.73, Oct 17 low where a break would resume of the downtrend.