(M0) Holding Above 172.89 *RES 4:........>

BUND TECHS: (M0) Holding Above 172.89

*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: 173.33 @ 04:50 BST May 12

*SUP 1: 172.89 Low May 6

*SUP 2: 172.62 50-day EMA

*SUP 3: 172.09 Low Apr 28

*SUP 4: 171.29 Low Apr 23 and bear trigger

Bund futures continue to trade above support defined last week at 172.89, May 7

low. A bullish outlook remains in place despite the recent pullback and while

172.89 holds, attention is the May 4 high of 174.69. A break of 174.69 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 break of support at 172.89 would be a

concern for bulls.