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(U0) Bearish Risk Still Present *RES.....>

BUND TECHS
BUND TECHS: (U0) Bearish Risk Still Present
*RES 4: 175.78 High May 29 and key resistance
*RES 3: 175.03 20-day EMA
*RES 2: 174.61 Low May 27
*RES 1: 174.37 High Jun 4
*PRICE: 173.39 @ 04:54 BST Jun 10
*SUP 1: 172.57 Low Jun 5
*SUP 2: 172.21 3.000 projection of May 5 - 12 swing from May 15 high
*SUP 3: 172.00 Round number support
*SUP 4: 171.79 3.236 projection of May 5 - 12 swing from May 15 high
Bund futures are unchanged and still trading above Friday's 172.57 low. The risk
still remains to the downside however following last week's move lower where a
bearish cycle was established and a clear bearish price sequence of lower lows
and lower highs was confirmed. Further weakness is likely with the focus on
172.00 next and potentially 170.87, Mar 19 low further out. On the upside,
initial resistance is seen at 174.37, Jun 4 high.

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