(M0) Bearish Price Sequence *RES 4:......>

BUND TECHS: (M0) Bearish Price Sequence

*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: 171.92 @ 04:53 BST May 28

*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 again yesterday to confirm a resumption of the

pullback that has been in place since stalling at 174.69 on May 4. The move

lower yesterday 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 at 172.53, yesterday's high.