(U0) Correcting *RES 4: 175.78 High......>

BUND TECHS: (U0) Correcting

*RES 4: 175.78 High May 29 and key resistance

*RES 3: 174.78 20-day EMA

*RES 2: 174.61 Low May 27

*RES 1: 174.37 High Jun 4

*PRICE: 174.29 @ 10:43 BST Jun 11

*SUP 1: 172.57 Low Jun 5

*SUP 2: 172.21 3.000 projection of May 5 - 12 swing from May 15 high

*SUP 3: 172.00 Round number support

*SUP 4: 171.79 3.236 projection of May 5 - 12 swing from May 15 high

Bund futures are still trading above 172.57, Jun 5 low. A near-term bearish risk

however still exists following last week's move lower where a bearish cycle was

established and a clear bearish price sequence of lower lows and lower highs

confirmed. Further weakness would open 172.00 next and potentially 170.87, Mar

19 low further out. On the upside, initial resistance is seen at 174.37, Jun 4

high.