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(U9) 173.49 is key risk for bulls *RES...>

BUND TECHS
BUND TECHS: (U9) 173.49 is key risk for bulls
*RES 4: 175.95 2.00 projection of the Mar 4-Mar 28 rally from Apr 17 low
*RES 3: 175.62 Bull channel top drawn off the Apr 17 low
*RES 2: 175.00 Round number resistance
*RES 1: 174.92 Contract high, Jul 25
*PRICE: 174.41 @ 02:41 GMT July 30
*SUP 1: 173.49 Low Jul 25 and key support
*SUP 2: 173.27 Low Jul 19
*SUP 3: 173.02 Low Jul 18
*SUP 4: 172.44 Low Jul 17
U9 Bund remains bullish. Attention is on last Thursday's session. Price action
traded within a wide daily range and closed down on the day. This activity is a
warning sign for bulls and potentially marks an early indication the trend is
mature. A key support and near term risk parameter for bulls has been defined at
173.49, the low of July 25. A break would confirm a top in the trend. While it
holds, the outlook remains bullish with the key trigger at 174.92.

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