(M0) Extends This Week's Pullback *RES...>

BUND TECHS: (M0) Extends This Week's Pullback

*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: 172.81 @ 04:56 BST May 20

*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 traded lower again yesterday clearing former support at 172.80, May

12 low. Note too that price has traded through the 50-day EMA reinforcing this

week's bearish tone. A continued move lower would open 172.09, Apr 28 low and

171.29, the Apr 23 low. On the upside, a move above 174.23, May 15 high is

required to offset the developing bearish threat. This would refocus attention

on the key resistance and bull trigger at 174.69, May 4 high.