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

BUND TECHS: (M0) Bearish Price Sequence Remains Intact

*RES 4: 174.23 High May 15

*RES 3: 173.52 High May 22

*RES 2: 173.16 High May 26

*RES 1: 172.57 High May 29 and key near-term resistance

*PRICE: 171.43 @ 04:48 BST Jun 3

*SUP 1: 171.29 Low Apr 23 and the key bear trigger

*SUP 2: 171.11 50.0% retracement of the Mar 19 - May 4 high

*SUP 3: 170.26 61.8% retracement of the Mar 19 - May 4 high

*SUP 4: 170.00 Low Apr 8

Bund futures are trading lower, reinforcing bearish conditions and signalling a

resumption of the pullback that began on May 4 off the 174.69 high. The move

lower maintains the current bearish price sequence of lower lows and lower highs

that defines a downtrend. Attention is on 171.29 next, Apr 23 low and 171.11, a

Fibonacci retracement. Key short-term resistance has been defined at 172.57, May

29 high.