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(H0) Rally Extends *RES 4: 175.00........>

BUND TECHS
BUND TECHS: (H0) Rally Extends
*RES 4: 175.00 Round number resistance
*RES 3: 174.84 1.382 projection of the Jan 2 - Jan 8 rally from Jan 14 low
*RES 2: 174.40 1.236 projection of the Jan 2 - Jan 8 rally from Jan 14 low
*RES 1: 174,27 High Jan 27 / Intraday high
*PRICE: 174.09 @ 04:45 GMT Jan 28
*SUP 1: 173.41 Low Jan 27
*SUP 2: 172.60 Jan 24 low
*SUP 3: 172.35 Low Jan 23
*SUP 4: 171.91 Jan 22 low
H0 Bund rallied once again yesterday with the market maintaining a risk averse
mood. The technical outlook remains bullish following last week's breach of
trendline resistance drawn off the Sep 3 high. The clear break of the trendline
reinforces a bullish case and signals a trend reversal. Resistance at 173.61 the
Nov 28 high and a key resistance has also been breached. The focus is on gains
towards 174.40 and 174.84 next. Support is seen at 173.41.

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