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(M9) Risk-Off Flows Still Underpin.......>

BUND TECHS
BUND TECHS: (M9) Risk-Off Flows Still Underpin
*RES 2: 170.00 Resistance
*RES 1: 168.88 Channel resistance
*PRICE: 168.54 @ 02:58 GMT June 3
*RES 1: 167.52 Low May 28
*RES 2: 167.28 Channel support
*RES 3: 167.00 21-dma
*SUP 4: 166.33 Low May 21
Bund futures continue to tick higher amid broader risk-off flows, with bears
needing a break below Tuesday's low at 167.52 to suggest a downside reversal
towards the channel base/21-dma at 167.28/00. Below here would open the May 21
low at 166.33. Bulls look to channel top resistance at 168.88. Above here would
open a run at the psychological 170 level.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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