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(U9) Approaching the contract high.......>

BUND TECHS
BUND TECHS: (U9) Approaching the contract high
*RES 4: 175.00 Round number resistance
*RES 3: 174.79 1.764 projection of the Mar 4-Mar 28 rally from Apr 17 low
*RES 2: 174.05 Contract high Jul 4 and key trend resistance
*RES 1: 173.79 High Jul 22
*PRICE: 173.59 @ 02:49 GMT July 23
*SUP 1: 173.02 Low Jul 18
*SUP 2: 172.44 Low Jul 17
*SUP 3: 172.16 Low Jul 16
*SUP 4: 171.59 50-day EMA
U9 Bund outlook for bulls remains constructive with momentum studies in a bull
mode. Furthermore, the current recovery began off the Jul 12 low of 71.25 which
was a low just ahead of the 50-day EMA. The average highlights where support in
the uptrend potentially exists and given that it held, confirms the broader
uptrend remains intact. Attention is on the 174.05 contract high where a break
would open 175.00. Support lies at 173.02.

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