(U9) 172.91 still the key bull trigger...>

BUND TECHS: (U9) 172.91 still the key bull trigger

*RES 4: 173.75 Wave equality of May 3 - May 15 rally off Jun 11 low

*RES 3: 173.00 Round number resistance

*RES 2: 173.12 1.618 Fibonacci projection of 166.95-169.75 from 168.59

*RES 1: 172.91 U9 contract high Jun 26

*PRICE: 172.63 @ 03:01 GMT July 1

*SUP 1: 171.92 Low Jun 27 and key short-term support

*SUP 2: 171.51 Low Jun 18

*SUP 3: 171.42 Low Jun 17

*SUP 4: 170.84 Trendline support from Apr 17

U9 Bund continues to trade within its recently established range. The underlying

trend though remains bullish with the focus on the Jun 25 high of 172.91. A

clear move beyond 172.91 would confirm a resumption of the uptrend opening

173.00 & beyond. Bearish divergence between price and momentum has developed and

is being monitored closely. This will threaten the bull trend if 171.92 support

is breached. A break would exposes trendline support at 171.03.