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(H0) Risk-Off Driven Bull Rally Intact...>

BUND TECHS
BUND TECHS: (H0) Risk-Off Driven Bull Rally Intact
*RES 4: 178.02 1.00 projection of the Jan 14 - Jan 31 rally from Feb 6 low
*RES 3: 177.43 2.236 projection of the Jan 2 - Jan 8 rally from Jan 14 low
*RES 2: 177.00 Round number resistance
*RES 1: 176.89 High Feb 27
*PRICE: 176.75 @ 04:44 GMT Feb 28
*SUP 1: 175.86 Low Feb 27
*SUP 2: 175.26 Bull channel base drawn off the Jan 14 low
*SUP 3: 174.78 20-day EMA
*SUP 4: 174.28 Low Feb 19
Bund futures maintain their current bullish form and managed once again to
record a fresh trend high print yesterday of 176.89. The recent break of the Jan
31 high of 175.30 confirmed a resumption of the uptrend in place since Jan 2 and
maintains the bullish price sequence of higher highs and higher lows. This
reflects the current risk-averse sentiment in the marketplace. The next
objective is 178.02, a Fibonacci projection. Initial support is 175.86.

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