(M0) Bullish Theme Intact *RES 4:........>

BUND TECHS: (M0) Bullish Theme Intact

*RES 4: 174.81 61.8% retracement of the Mar 9 - 19 decline

*RES 3: 173.83 High Mar 30 and bull trigger

*RES 2: 173.48 High Apr 1

*RES 1: 172.78 High Apr 15

*PRICE: 172.32 @ 04:52 BST Apr 16

*SUP 1: 171.36 Low Apr 15

*SUP 2: 170.00 Low Apr 8 and round number support

*SUP 3: 169.93 61.8% retracement of the Mar 19 - 30 rally

*SUP 4: 169.69 Low Mar 26

Bund futures traded higher again yesterday and have cleared a number of

near-term resistance levels. This follows support being established Monday at

170.00, just ahead of the 61.8% retracement of the Mar 19 - 30 rally at 169.93.

Price action on Mar 9 also confirmed a bullish engulfing reversal candle

formation reinforcing a bullish theme. Attention is on further gains towards the

key resistance at 173.83, Mar 30 high. 171.36 is first support.