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(M0) Support Defined At 172.89 *RES 4:...>

BUND TECHS
BUND TECHS: (M0) Support Defined 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: 173.84 @ 04:56 BST May 8
*SUP 1: 172.89 Low May 6
*SUP 2: 172.53 50-day EMA
*SUP 3: 172.09 7Low Apr 28
*SUP 4: 171.29 Low Apr 23 and bear trigger
Bund futures rebounded off the day low yesterday defining a firm near-term
support at 172.89 just below the recently highlighted support of 172.94, Apr 30
low. A bullish outlook remains in place. While this support holds, attention
remains on Monday's high of 174.69 where a break would confirm a resumption of
the uptrend and open 174.81, 61.8% of the Mar 9 - 19 decline and 175.41. A clear
break of 172.89 would concern bulls.

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