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

BUND TECHS
BUND TECHS: (U0) Corrective Pullback
*RES 4: 177.77 High Apr 30 and May 5 and key resistance
*RES 3: 177.52 High May 15
*RES 2: 177.35 High May 18
*RES 1: 176.86 High Jun 29 and Jun 30 and the bull trigger
*PRICE: 175.98 @ 04:53 BST Jul 1
*SUP 1: 175.76 20-day EMA
*SUP 2: 175.56 50-day EMA
*SUP 3: 175.20 Low Jun 24 and key near-term support
*SUP 4: 174.80 Low Jun 17
Bund futures have pulled back from recent highs in what is for now being viewed
as a correction. The uptrend that started on Jun 5 remains intact. Price has
recently cleared 176.54, 76.4% of the May - Jun sell-off and attention is on
177.35 next, May 18 high with potential too for a climb towards 177.77, the Apr
30 and May 5 high. On the downside, key support has been defined at 175.20, Jun
24 low. A break would undermine the bullish theme.

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