(H0) Corrective Mode *RES 4: 175.55......>

BUND TECHS: (H0) Corrective Mode

*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: 174.36 @ 04:50 GMT Feb 11

*SUP 1: 173.84 Low Feb 7

*SUP 2: 173.41 Low Jan 27 and Jan 29

*SUP 3: 173.02 50-day EMA

*SUP 4: 172.60 Jan 24 low

H0 Bund found support again Monday however from a directional perspective, the

near-term risk remains bearish. This follows the pullback in the first half of

last week that marks an unwinding of the recent overbought condition. Attention

remains on 173.41, the Jan 27 and 29 low where a break would allow for a deeper

pullback towards 173.02, an area of support highlighted by the 50-day EMA. On

the upside, resistance is at 174.86, the Feb 5 high.