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(M0) Bearish Price Sequence Maintained...>

BUND TECHS
BUND TECHS: (M0) Bearish Price Sequence Maintained
*RES 4: 173.52 High May 22
*RES 3: 173.16 High May 26
*RES 2: 172.57 High May 29 and key near-term resistance
*RES 1: 171.87 High Jun 3
*PRICE: 171.18 @ 04:48 BST Jun 4
*SUP 1: 170.86 Low Jun 3
*SUP 2: 170.26 61.8% retracement of the Mar 19 - May 4 high
*SUP 3: 170.00 Low Apr 8
*SUP 4: 169.69 Low Mar 26
Bund futures traded lower yesterday resuming the downtrend that has been in
place since peaking at 174.69 on May 4. The move lower maintains the current
bearish price sequence of lower lows and lower highs that defines a downtrend.
Attention turns to 170.26 next, 61.8% of the rally between Mar 19 - May 4 and
170.00, the Apr 8 low. On the upside, key short-term resistance has been defined
at 172.57, May 29 high.

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