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(M0) Consolidating *RES 4: 175.41 Low....>

BUND TECHS
BUND TECHS: (M0) Consolidating
*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: 173.66 @ 04:41 BST May 15
*SUP 1: 172.80 Low May 12
*SUP 2: 172.69 50-day EMA
*SUP 3: 172.09 Low Apr 28
*SUP 4: 171.29 Low Apr 23 and bear trigger
Bund futures are unchanged, consolidating and continue to trade above support at
172.80, May 12 low. The trend outlook is unchanged too and is bullish while
172.80 holds. 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.

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