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(M0) Pullback Still Considered A.........>

BUND TECHS
BUND TECHS: (M0) Pullback Still Considered A Correction
*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: 172.97 @ 04:55 BST May 19
*SUP 1: 172.61 Low May 18
*SUP 2: 172.58 Low Apr 29
*SUP 3: 172.09 Low Apr 28
*SUP 4: 171.29 Low Apr 23 and the key bear trigger
Bund futures were under pressure yesterday and traded below support at 172.80,
May 12 low. Despite the pullback, the trend outlook remains bullish and the move
lower is still considered a correction. Yesterday's low of 172.61 marks a key
intraday support, if breached it would expose 172.09, Apr 28 low and 171.29, Apr
23 low. Attention remains on Friday's 174.23 high and the key bull trigger at
174.69, May 4 high.

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