(U0) Outlook Remains Bullish *RES 4:.....>

BUND TECHS: (U0) Outlook Remains Bullish

*RES 4: 176.78 High May 22

*RES 3: 176.54 76.4% retrace of the May - Jun sell-off

*RES 2: 176.06 High Jun 26

*RES 1: 175.98 High Jun 15

*PRICE: 175.66 @ 04:50 BST Jun 19

*SUP 1: 174.80 Low Jun 17

*SUP 2: 174.12 Low Jun 11 and key near-term support

*SUP 3: 173.25 Low Jun 10

*SUP 4: 172.57 Low Jun 5 and bear trigger

Bund futures are unchanged and holding onto recent gains . The outlook remains

bullish and the move lower earlier this week is considered a correction. Last

week's gains signalled an end to the previous downtrend, and suggests scope for

a stronger near-term recovery. A break of Monday's 175.98 high would open

176.54, 76.4% of the May - Jun sell-off. Initial firm support lies at 174.12,

Jun 11 low. A break would instead expose 172.57, the Jun 5 low.