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(M0) Recent Slide Weighs *RES 4:.........>

BUND TECHS
BUND TECHS: (M0) Recent Slide Weighs
*RES 4: 176.57 High Mar 13
*RES 3: 175.25 High Mar 16
*RES 2: 174.00 Round number resistance
*RES 1: 172.47 High Mar 17
*PRICE: 171.89 @ 04:45 GMT Mar 17
*SUP 1: 170.90 Low Mar 17
*SUP 2: 170.81 Low Feb 6 and key support
*SUP 3: 170.00 Round number support
*SUP 4: 169.79 Low Jan 23
Bund futures fell sharply once again Monday as the correction that unfolded last
week extends and continues to dominate. Prices have traded through a key area of
support at 172.84, the 50-day EMA. This reinforces the current bearish theme and
leaves the contract exposed to a deeper pullback. Scope is seen for a move
towards 170.81, Feb 6 low and 170.00 next. On the upside, initial resistance is
at yesterday's high of 172.47.

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