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(M0) Heavy Once Again *RES 4: 174.69.....>

BUND TECHS
BUND TECHS: (M0) Heavy Once Again
*RES 4: 174.69 High May 4 and bull trigger
*RES 3: 174.23 High May 15
*RES 2: 173.52 High May 22 and key near-term resistance
*RES 1: 173.16 High May 26
*PRICE: 172.11 @ 04:59 BST May 27
*SUP 1: 172.01 Low May 26
*SUP 2: 171.29 Low Apr 23 and the key bear trigger
*SUP 3: 171.11 50.0% retracement of the Mar 19 - May 4 high
*SUP 4: 170.26 61.8% retracement of the Mar 19 - May 4 high
Bund futures traded lower yesterday to confirm a resumption of the pullback that
has been in place since stalling at 174.69 on May 4. The move lower yesterday
breached support at 172.26, May 19 low and 172.09, Apr 28 low. This signals
potential for an extension lower towards 171.29 next, Apr 23 low. Price has
traded through both the 20- and 50-day EMAs reinforcing the current bearish
tone. Key short-term resistance has been defined at 173.52, May 22 high.
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