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(M0) Consolidating But Remains Bullish...>

BUND TECHS: (M0) Consolidating But Remains Bullish
*RES 4: 173.83 High Mar 30 and key resistance
*RES 3: 173.48 High Apr 1
*RES 2: 173.26 High Apr 21 and bull trigger
*RES 1: 172.95 High Apr 22
*PRICE: 172.65 @ 04:49 BST Apr 29
*SUP 1: 172.09 Low Apr 28
*SUP 2: 171.29 Low Apr 23
*SUP 3: 170.77 76.4% retracement of the Apr 8 - 21 rally
*SUP 4: 170.28 Low Apr 14
Bund futures are unchanged and continue to consolidate. Last week the contract
found strong support Thursday at 171.29. While this level remains in place, the
near-term outlook is bullish. A positive outlook follows the recent recovery off
the 170.00 handle on Apr 8 and 9. Attention is on 173.26, Apr 21 high and the
near-term bull trigger. A break would open 173.83, Mar 30 high. Weakness through
171.29 would threaten the bullish theme.

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