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(M0) Clears Resistance *RES 4: 176.57....>

BUND TECHS
BUND TECHS: (M0) Clears Resistance
*RES 4: 176.57 High Mar 13
*RES 3: 175.41 Low Mar 10
*RES 2: 174.81 61.8% retracement of the Mar 9 - 19 decline
*RES 1: 174.69 Intraday high
*PRICE: 174.50 @ 04:51 BST May 4
*SUP 1: 173.26 High Apr 21
*SUP 2: 172.94 Low Apr 30
*SUP 3: 172.09 Low Apr 28 and key near-term support
*SUP 4: 171.29 Low Apr 23 and bear trigger
Bund futures rallied sharply higher Thursday clearing the former key resistance
at 173.83, Mar 30 high. The break confirms a resumption of the uptrend that
started on Mar 19 and paves the way for a climb towards 174.81, 61.8%
retracement of the Mar 9 - 19 decline. Clearance of this retracement would open
175.41 ahead of 176.00. Initial support lies at 173.26, Apr 21 high ahead of the
Apr 30 low of 172.94.

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