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(M0) Bearish Price Sequence Intact.......>

BUND TECHS
BUND TECHS: (M0) Bearish Price Sequence Intact
*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: 172.02 @ 04:49 BST Jun 2
*SUP 1: 171.47 Low Jun 1
*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 yesterday reinforcing bearish conditions and
signalling a resumption of the pullback that started off 174.69, May 4 high.
This keeps in place the current bearish price sequence of lower lows and lower
highs that also reinforces current bearish conditions. Attention is on 171.29
next, Apr 23 low. Key short-term resistance has been defined at 173.52, May 22
high. Initial resistance is 172.57, Friday's high.

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