(M0) Remains Above Support At 172.89.....>

BUND TECHS: (M0) Remains Above Support At 172.89

*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 6

*PRICE: 173.45 @ 04:49 BST May 11

*SUP 1: 172.89 Low May 6

*SUP 2: 172.58 50-day EMA

*SUP 3: 172.09 Low Apr 28

*SUP 4: 171.29 Low Apr 23 and bear trigger

Bund futures last week defined a key near-term support at 172.89 just below the

recently highlighted support of 172.94, Apr 30 low. A bullish outlook remains in

place and while this support holds, attention is the May 4 high of 174.69. A

break of 174.69 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 break of support at

172.89 would be a concern for bulls.