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(U9) 173.49 is key support *RES 4:.......>

BUND TECHS
BUND TECHS: (U9) 173.49 is key support
*RES 4: 175.95 2.00 projection of the Mar 4-Mar 28 rally from Apr 17 low
*RES 3: 175.54 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: 174.44 @ 02:37 GMT July 29
*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 maintains its bullish outlook. Attention though is on last Thursday's
trading 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. For now though, the outlook remains
bullish following fresh contract highs printed last week. A key support and near
term risk parameter for bulls has been defined at 173.49, the low of July 25.

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