(M0) Consolidating But Remains Bullish...>

BUND TECHS: (M0) Consolidating But Remains Bullish

*RES 4: 175.41 Low Mar 10

*RES 3: 174.81 61.8% retracement of the Mar 9 - 19 decline

*RES 2: 174.69 High May 4

*RES 1: 174.24 High May 8

*PRICE: 173.75 @ 05:43 BST May 18

*SUP 1: 172.80 Low May 12

*SUP 2: 172.76 50-day EMA

*SUP 3: 172.09 Low Apr 28

*SUP 4: 171.29 Low Apr 23 and bear trigger

Bund futures continue to consolidate and remain above support at 172.80, May 12

low. The trend outlook is unchanged however and remains bullish while above

172.80. Attention is on the May 4 high of 174.69. A break would confirm a

resumption of the uptrend and open 174.81, 61.8% of the Mar 9 - 19 decline and

175.41, Mar 10 low. A clear breach of support at 172.80 is required to alter the

picture.