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(U0) Holding Above Key Support *RES 4:...>

BUND TECHS
BUND TECHS: (U0) Holding Above Key Support
*RES 4: 177.52 High May 15
*RES 3: 177.35 High May 18
*RES 2: 176.86 High Jun 29 and Jun 30 and the bull trigger
*RES 1: 176.24 High Jul 3
*PRICE: 175.72 @ 04:45 BST Jul 6
*SUP 1: 175.04 Low Jul 2 and key near-term support
*SUP 2: 174.80 Low Jun 17
*SUP 3: 174.71 50.0% retracement of the rally between Jun 5 - 29
*SUP 4: 174.21 61.8% retracement of the rally between Jun 5 - 29
Bund futures reversed course last Wednesday with a sharp sell-off dragging
futures below support at 175.20, Jun 24 low. However futures retraced the move
late last week. Key support has been defined at 175.04, Jul 2 low. If bulls are
to remain in charge, price action needs to hold above this level. A break of
176.24, Jul 3 high would open 176.86, Jun 29 high once again. Weakness below
175.20 though would reinstate a bearish threat and open 174.71.

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