(M0) Bearish Focus *RES 4: 174.23 High...>

BUND TECHS: (M0) Bearish Focus

*RES 4: 174.23 High May 15

*RES 3: 173.52 High May 22 and key near-term resistance

*RES 2: 173.16 High May 26

*RES 1: 172.57 High May 29

*PRICE: 172.32 @ 04:46 BST Jun 1

*SUP 1: 171.50 Low May 27

*SUP 2: 171.29 Low Apr 23 and the key bear trigger

*SUP 3: 171.11 50.0% retracement of the Mar 19 - May 4 high

*SUP 4: 170.26 61.8% retracement of the Mar 19 - May 4 high

Bund futures traded lower last week and confirmed a resumption of the pullback

that started off 174.69, May 4 high. A bearish price sequence of lower lows and

lower highs remains in place reinforcing current bearish conditions and this is

despite the corrective recovery in the second half of the week. This has opened

171.29, Apr 23 low. Key short-term resistance has been defined at 173.52, May 22

high. Initial resistance is 172.57, Friday's high.