(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: 172.90 High Apr 16

*PRICE: 172.70 @ 04:46 BST Apr 20

*SUP 1: 172.04 Low Apr 16

*SUP 2: 171.36 Low Apr 15

*SUP 3: 170.00 Low Apr 8 and round number support

*SUP 4: 169.93 61.8% retracement of the Mar 19 - 30 rally

Bund futures traded higher again Friday with a bullish outlook maintained going

into this week's session. A positive tone follows the recovery off 170.00 last

week, 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. 172.04 is the first support.