(U0) Looking For A Break Higher *RES.....>

BUND TECHS: (U0) Looking For A Break Higher

*RES 4: 177.35 High May 18

*RES 3: 177.00 Round number resistance

*RES 2: 176.92 High Jul 10 and the bull trigger

*RES 1: 176.74 High Jul 13

*PRICE: 176.34 @ 04:44 BST Jul 22

*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 are unchanged. The contract found support Monday at 175.77 and the

outlook remains bullish. A break of 176.92, Jul 10 high is still required though

to reinforce this theme. This would confirm a bullish ascending triangle

formation on the charts. The pattern suggests a break higher is likely, to

extend the recovery since the reversal on Jun 5. Weakness through the Jul 13 low

of 175.54 would instead expose 175.04, Jul 2 low and a key support.