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(U9) Bulls hold onto gains *RES 4:.......>

BUND TECHS
BUND TECHS: (U9) Bulls hold onto gains
*RES 4: 175.00 Round number resistance
*RES 3: 174.72 1.00 Fibonacci ratio of Apr 30-May 15 rally off Jun 27 low
*RES 2: 174.67 Bull channel top
*RES 1: 174.06 0.764 Fibonacci ratio of Apr 30-May 15 rally off Jun 27 low
*PRICE: 173.93 @ 03:05 GMT July 5
*SUP 1: 173.53 Low Jul 3
*SUP 2: 172.97/91 Channel support drawn off May 3 low / Jun 25 high
*SUP 3: 172.46 Jun 28 low
*SUP 4: 171.92 Low Jun 27
U9 Bund bullish trend conditions hold following strong gains this week. The
174.00 objective was achieved yesterday and price levels are just short of next
Fibonacci projection at 174.06, ahead of 174.72. These represent 0.764 and
equality of the Apr 30-May 15 rally from the Jun 27 low respectively. Activity
is firmer within a bull channel drawn off the May 3 low. The channel top today
intersects at 174.67 & channel support lies at 172.97. Look for gains to extend.

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