(U9) Bulls Eye -0.50% Yield 10Y..........>

BUND TECHS: (U9) Bulls Eye -0.50% Yield 10Y Equivalent

*RES 4: 176.55 Projected channel top from Apr 17 low

*RES 3: 175.95 2.00 projection of the Mar 4-Mar 28 rally from Apr 17 low

*RES 2: 175.80 Bull channel top drawn off the Apr 17 low

*RES 1: 175.47/49 Res line from Mar 28, -0.50% equivalent on 10Y Bund

*PRICE: 174.88 @ 03:01 GMT Aug 1

*SUP 1: 174.63 5-DMA

*SUP 2: 174.05 High 4 July

*SUP 3: 173.48/49 21-DMA, Low Jul 25 and key support

*SUP 4: 173.27 Low Jul 19

U9 Bund bulls remain in control with focus on 175.47/49 area - the value of a

4-month resistance line and the latter is the -0.50% yield equivalent on 10-year

Bund. Risk is on a fade on the approach of this area and the bear-divergence

signal on 10-day momentum is also a warning signal. Support is at the 5-DMA at

174.47.