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(U0) Breaks Higher *RES 4: 177.52 High...>

BUND TECHS
BUND TECHS: (U0) Breaks Higher
*RES 4: 177.52 High May 15
*RES 3: 177.35 High May 18
*RES 2: 176.86 High Jun 29 and Jun 30 and the bull trigger
*RES 1: 176.61 Intraday high
*PRICE: 176.52 @ 04:51 BST Jul 10
*SUP 1: 175.62 Low Jul 6
*SUP 2: 175.04 Low Jul 2 and key near-term support
*SUP 3: 174.80 Low Jun 17
*SUP 4: 174.71 50.0% retracement of the rally between Jun 5 - 29
Bund futures traded higher yesterday to confirm a resumption of the recovery
that started on Jul 2 off 175.04, that day's low. WIth bulls in control,
attention is on the key near-term resistance at 176.86, Jun 29 high. Clearance
of this level would confirm an important break and also confirm a resumption of
the uptrend that has been in place since Jun 5. Initial key support has been
defined at 175.62, Jul 6 low.

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