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(M0) Edges Higher *RES 4: 175.41 Low.....>

BUND TECHS
BUND TECHS: (M0) Edges Higher
*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: 174.23 High May 15
*PRICE: 173.32 @ 04:48 BST May 22
*SUP 1: 172.26 Low May 19
*SUP 2: 172.09 Low Apr 28
*SUP 3: 171.29 Low Apr 23 and the key bear trigger
*SUP 4: 171.11 50.0% retracement of the Mar 19 - May 4 high
Bund futures earlier this week cleared former support at 172.80, May 12 low.
Note too that price also traded through the 50-day EMA reinforcing this week's
bearish tone. However, price is retracing some of the move lower although a move
above 174.23, May 15 high is required to offset the developing bearish threat. A
continued move lower would open 172.09, Apr 28 low and 171.29, the Apr 23 low.
Key intraday support and the bear trigger is 172.26.

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