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(U0) Recovers *RES 4: 177.35 High May....>

BUND TECHS
BUND TECHS: (U0) Recovers
*RES 4: 177.35 High May 18
*RES 3: 176.78 High May 22
*RES 2: 176.54 76.4% retrace of the May - Jun sell-off
*RES 1: 176.37 High Jun 22
*PRICE: 176.23 @ 04:19 BST Jun 25
*SUP 1: 175.20 Low Jun 24
*SUP 2: 174.80 Low Jun 17
*SUP 3: 174.12 Low Jun 11 and key near-term support
*SUP 4: 173.25 Low Jun 10
Bund futures recovered off yesterday's low. The contract maintains a bullish
tone following the recent recovery off the Jun 5 low. These gains, between Jun 5
- 15, signalled an end to the previous downtrend and suggest scope for a
stronger recovery near-term. Furthermore, price action has established a bullish
price sequence of higher highs and higher lows. Attention is on 176.54 next,
76.4% of the May - Jun sell-off. Firm support lies at 174.80, Jun 17 low.

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