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(M0) Rebounds Ahead Of A Key EMA *RES....>

BUND TECHS
BUND TECHS: (M0) Rebounds Ahead Of A Key EMA
*RES 4: 179.63 2.000 projection of the Jan 13 - Jan 31 rally from Feb 6 low
*RES 3: 179.31 High Mar 9 and bull trigger
*RES 2: 177.91 High Mar 10 and 11
*RES 1: 176.57 High Mar 13
*PRICE: 175.24 @ 04:48 GMT Mar 16
*SUP 1: 173.12 Low Mar 13
*SUP 2: 172.87 50-day EMA
*SUP 3: 172.45 Low Feb 25
*SUP 4: 172.04 Low Feb 21
Bund futures fell sharply Friday as the correction that unfolded last week
extended. Prices traded close to a key area of support at 172.87, the 50-day
EMA. So far, the average has remained intact and prices are firmer today. If the
correction is over, Friday's low of 173.12 would be expected to remain intact.
The first key hurdle for bulls is at 176.57, Friday's high. A break would open
177.91. Sub 172.87, resumes bearish pressure.

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