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(M9) Pullback Extends *RES 4: 169.20.....>

BUND TECHS: (M9) Pullback Extends
*RES 4: 169.20 Channel top resistance 
*RES 3: 168.86 High June 24, 2016 (continuation chart) 
*RES 2: 167.41/44 High May 17/15 
*RES 1: 167.07 High May 20 
*PRICE: 166.54 @ 01:51 GMT May 22 
*RES 1: 166.33 Low May 21 
*SUP 2: 165.94/92 Low May 10,8 
*SUP 3: 165.37 55-dma 
*SUP 4: 164.82 Low May 3 
Bund futures remain on the back foot with the pullback extending as far as
166.33 yesterday before stabilising. Bears now look to take out yesterday's low
to build further downside momentum towards the May 10,8 lows at 165.94/92. Below
here would open the 55-dma at 165.37. Bulls need to recover Monday's high at
167.07 to return the focus to the May 15/17 highs at 167.41/44.

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