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(U0) Holds Above Support

BUND TECHS
  • RES 4: 177.52 High May 15
  • RES 3: 177.35 High May 18
  • RES 2: 177.00 Round number resistance
  • RES 1: 176.98 High Jul 24
  • PRICE: 176.50 @ 05:00 BST Jul 28
  • SUP 1: 175.77/54 Low Jul 20 / Low Jul 9
  • SUP 2: 175.04 Low Jul 2
  • SUP 3: 174.80 Low Jun 17
  • SUP 4: 174.74 50.0% retracement of the Jun 5 - Jul 10 rally

Bund futures yesterday retraced Friday's sell-off. The contract has
remained above support at 176.54, Jul 20 low where a break would signal
a reversal and expose 175.54, Jul 13 low and key support at 175.04. Jul
2 low. With support intact, a bullish theme dominates. A break of 176.98,
Friday's high, would reinforce this theme and open 177.77, high Apr 30
and Jun 5.

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