(H0) Bearish Pressure Resumes *RES 4:....>

BUND TECHS: (H0) Bearish Pressure Resumes

*RES 4: 175.55 1.618 projection of the Jan 2 - Jan 8 rally from Jan 14 low

*RES 3: 175.30 High Jan 31 and key resistance

*RES 2: 174.86 76.4% retracement of the Jan 31 - Feb 6 decline

*RES 1: 174.69 High Feb 10

*PRICE: 173.99 @ 04:40 GMT Feb 12

*SUP 1: 173.84 Low Feb 7

*SUP 2: 173.41 Low Jan 27 and Jan 29

*SUP 3: 173.07 50-day EMA

*SUP 4: 172.60 Jan 24 low

H0 Bund is off recent highs and indications are that the recent correction

higher is over. From a directional perspective, the near-term risk is bearish.

This follows the pullback in the first half of last week that marks an unwinding

of the recent overbought condition. Attention is on 173.41, the Jan 27 and 29

low where a break would allow for a deeper pullback towards 173.07, an area of

support highlighted by the 50-day EMA. Resistance is at 174.69, the Feb 10 high.