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(U0) Probing Triangle Resistance *RES....>

BUND TECHS
BUND TECHS: (U0) Probing Triangle Resistance
*RES 4: 177.52 High May 15
*RES 3: 177.35 High May 18
*RES 2: 177.00 Round number resistance
*RES 1: 176.95 High Jul 22
*PRICE: 176.83 @ 04:49 BST Jul 23
*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 traded higher Wednesday and probed the key resistance at 176.92,
Jul 10 high. A clear break of this hurdle would reinforce the underlying bullish
theme and also confirm a bullish ascending triangle formation on the charts. The
pattern suggests the uptrend that has been in place since Jun 5 is likely to to
extend. The objective is 177.77, the Apr 30 and May 5 high. Key support is at
175.54, Jul 13 low.

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