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

BUND TECHS
BUND TECHS: (M0) Bearish Price Sequence Remains In Place
*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: 172.53 High May 27
*PRICE: 172.26 @ 04:42 BST May 29
*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 this week and confirmed a resumption of the pullback
that has been in place since stalling at 174.69 on May 4. The move lower
Wednesday maintains the bearish price sequence of lower lows and lower highs
reinforcing current bearish signals. This has opened 171.29 next, Apr 23 low.
Key short-term resistance has been defined at 173.52, May 22 high. Initial
resistance is 172.53, May 27 high.

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