(U0) Volatile Price Action *RES 4:.......>

BUND TECHS: (U0) Volatile Price Action

*RES 4: 177.52 High May 15

*RES 3: 177.35 High May 18

*RES 2: 176.86 High Jun 29 and Jun 30 and the bull trigger

*RES 1: 176.20 High Jul 1

*PRICE: 175.97 @ 05:12 BST Jul 3

*SUP 1: 175.04 Low Jul 2 and key near-term support

*SUP 2: 174.80 Low Jun 17

*SUP 3: 174.71 50.0% retracement of the rally between Jun 5 - 29

*SUP 4: 174.21 61.8% retracement of the rally between Jun 5 - 29

Bund futures reversed course Wednesday with a sharp sell-off dragging futures

below support at 175.20, Jun 24 low. However yesterday, a sharp rally dominated

price action. Key support has been defined at 175.04, Jul 2 low and, if bulls

are to remain in charge, price action needs to hold above this support. A break

of 176.20, Jul 1 high would open 176.86, Jun 29 high once again. Weakness below

175.20 though would reinstate a bearish threat.