(U0) Consolidates But Remains Bullish....>

BUND TECHS: (U0) Consolidates But Remains Bullish

*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 @ 04:52 BST Jun 18

*SUP 1: 174.80 Low Jun 17

*SUP 2: 174.12 Low Jun 11 and key near-term support

*SUP 3: 173.25 Low Jun 10

*SUP 4: 172.57 Low Jun 5 and bear trigger

Bund futures are unchanged and consolidating. From a trend perspective, the

outlook 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 firm support

lies at 174.12, Jun 11 low. A break would expose 172.57, the Jun 5 low.