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(U0) Holding Onto Gains *RES 4: 177.52...>

BUND TECHS
BUND TECHS: (U0) Holding Onto Gains
*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: 176.18 @ 04:43 BST Jul 7
*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 are holding onto gains achieved late last week. The recovery on Jul
2 has defined a key support at 175.04, that day's low. If bulls are to remain in
charge, price action needs to remain above this level. A break of 176.24, Jul 3
high would reinforce the bullish implications of the recent bounce and open
176.86, Jun 29 high. Weakness below 175.20 though would reinstate a bearish
threat and expose 174.71, a Fibonacci retracement level.

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