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(U0) Bullish Focus *RES 4: 176.78 High...>

BUND TECHS
BUND TECHS: (U0) Bullish Focus
*RES 4: 176.78 High May 22
*RES 3: 176.54 76.4% retrace of the May - Jun sell-off
*RES 2: 176.06 High Jun 26
*RES 1: 175.78 High May 29 and 61.8% retrace of the May - Jun sell-off
*PRICE: 175.67 @ 04:48 BST Jun 15
*SUP 1: 174.12 Low Jun 11 and key intraday support
*SUP 2: 173.25 Low Jun 10
*SUP 3: 172.57 Low Jun 5 and bear trigger
*SUP 4: 172.21 3.000 projection of May 5 - 12 swing from May 15 high
Bund futures traded higher again Friday ending the week on a firm note. Last
week's gains signal an end to the recent downtrend, and suggests scope for a
stronger near-term recovery. Attention is on resistance at 175.78/79, May 29
high and 61.8% of the May - Jun sell-off. A break would open 176.54, the 76.4%
retracement. Initial support lies at Thursday's low of 174.12. A break would
reinstate a bearish risk and open the major support at 172.75, Jun 5 low.

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