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(M0) Rebounds Off Yesterday's Low *RES...>

BUND TECHS
BUND TECHS: (M0) Rebounds Off Yesterday's Low
*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: 172.80 Low May 12
*SUP 2: 172.65 50-day EMA
*SUP 3: 172.09 Low Apr 28
*SUP 4: 171.29 Low Apr 23 and bear trigger
Bund futures traded lower yesterday briefly probing support at 172.89, May 7 low
before rebounding. The trend outlook is unchanged and remains bullish with
support defined at yesterday's 172.80 low. Attention is on the May 4 high of
174.69. A break 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 breach of support at
172.80 is required to alter the picture.

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