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CROSS ASSET

Equities spill over into Bond and FX

UK

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BUND TECHS
BUND TECHS: (M0) Probes Resistance
*RES 4: 174.00 Round number resistance
*RES 3:173.83 High Mar 30 and key resistance
*RES 2: 173.48 High Apr 1
*RES 1: 173.28 High Apr 21 and bull trigger
*PRICE: 172.98 @ 04:51 BST Apr 30
*SUP 1: 172.09 Low Apr 28
*SUP 2: 171.29 Low Apr 23
*SUP 3: 170.77 76.4% retracement of the Apr 8 - 21 rally
*SUP 4: 170.28 Low Apr 14
Bund futures edged higher yesterday and did probe resistance at 173.26, Apr 21
high. A clear break would end the current consolidation phase and reinforce a
bullish theme. Last week the contract found strong support at 171.29, Apr 23
low. While this level remains in place, the outlook is positive as bulls remain
in control following the recovery off 170.00 on Apr 8 and 9. A break higher
would open 173.83, Mar 30 high. Key support lies at 171.29.