(H0) Focus Is On 174.69 Resistance.......>

BUND TECHS: (H0) Focus Is On 174.69 Resistance

*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 bull trigger

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

*RES 1: 174.69 High Feb 10

*PRICE: 174.30 @ 04:06 GMT Feb 17

*SUP 1: 173.72 Low Feb 12

*SUP 2: 173.41 Low Jan 27 and Jan 29

*SUP 3: 173.21 50-day EMA

*SUP 4: 172.60 Jan 24 low

H0 Bund traded higher Friday. Recently our attention has been on the potential

for a pullback in price action to extend the reversal from Jan 31. Attention is

on resistance at 174.69, Feb 2 high. A break of this level however would instead

suggest scope for a recovery exposing resistance at 175.30, the Jan 31 high. A

175.30 break would confirm a resumption of this year's uptrend. Sub 173.42

levels are required to reinstate a bearish theme & open 173.21, the 50-day EMA.