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

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: 175.98 High Jun 15

*PRICE: 175.40 @ 04:55 BST Jun 17

*SUP 1: 174.90 Low Jun 12 and Jun 16

*SUP 2: 174.12 Low Jun 11 and key intraday support

*SUP 3: 173.25 Low Jun 10

*SUP 4: 172.57 Low Jun 5 and bear trigger

Bund futures From a trend perspective, remains bullish and the move lower

earlier this week is considered a correction. Last week's gains signalled an end

to the previous downtrend, and suggests scope for a stronger near-term recovery.

A break of Monday's 175.98 high would open 176.54, 76.4% of the May - Jun

sell-off. Initial support lies at 174.12, the Jun 11 low. A break would expose

172.57, the Jun 5 low.