(U0) Bullish Ascending Triangle *RES.....>

BUND TECHS: (U0) Bullish Ascending Triangle

*RES 4: 177.35 High May 18

*RES 3: 177.00 Round number resistance

*RES 2: 176.92 High Jul 10

*RES 1: 176.49 High Jul 13

*PRICE: 176.47 @ 05:01 BST Jul 17

*SUP 1: 175.54 Low Jul 9

*SUP 2: 175.04 Low Jul 2

*SUP 3: 174.80 Low Jun 17

*SUP 4: 174.74 50.0% retracement of the Jun 5 - Jul 10 rally

Bund futures traded higher yesterday and the outlook remains bullish. However, a

break of 176.92, Jul 10 high is required to reinforce this condition. This would

confirm what appears to be a bullish ascending triangle formation on the charts.

The pattern suggests a break higher is likely. Weakness through Monday's low of

175.54 would instead expose 175.04, Jul 2 low and a key support handle. 175.54

and 176.92 are seen as the key near-term directional triggers.