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(U0) Corrective Pullback *RES 4:.........>

BUND TECHS
BUND TECHS: (U0) Corrective Pullback
*RES 4: 177.35 High May 18
*RES 3: 176.78 High May 22
*RES 2: 176.54 76.4% retrace of the May - Jun sell-off
*RES 1: 176.37 High Jun 22
*PRICE: 175.49 @ 04:55 BST Jun 24
*SUP 1: 175.30 Low Jun 19
*SUP 2: 174.80 Low Jun 17
*SUP 3: 174.12 Low Jun 11 and key near-term support
*SUP 4: 173.25 Low Jun 10
Bund futures have eased off Monday's high. The contract maintains a bullish tone
though, following the recent recovery off the Jun 5 low. These gains, between
Jun 5 - 15, signalled an end to the previous downtrend and suggest scope for a
stronger recovery near-term. Attention is on 176.54 next, 76.4% of the May - Jun
sell-off. Initial firm support lies at 174.80, Jun 17 low. A breach would expose
174.12, the Jun 11 low and possibly below.

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