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Senior Technical Analyst, Roelof-Jan van......>

BUNDS
BUNDS: Senior Technical Analyst, Roelof-Jan van den Akker at ING noted that
yesterday, the Bund continuous contract broke the EMA-200 line at 161.20.
- He writes "We cannot rule out that prices hover around the EMA-200 line for a
couple of days before turning lower again, but as long as prices are staying
below the horizontal resistance around the 161.70 on a closing basis we should
be prepared for short-term lower prices before making a bottom." However, he
sees the downside potential as limited with solid support in the 160.75-160.40
area.

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