(U9) Challenging Contract Highs *RES.....>

BUND TECHS: (U9) Challenging Contract Highs

*RES 3: 172.89 Projected channel top from Apr 17 low

*RES 2: 172.42 Upper Bollinger band (3%)

*RES 1: 171.54 Channel resistance

*PRICE: 171.29 @ 03:54 GMT June 6

*SUP 1: 170.09 Low May 30

*SUP 2: 170.04 Channel support

*SUP 3: 168.70 50% fibo of May range

*SUP 4: 168.54 50-dma

U9 Bund futures rallied to fresh contract highs of 171.31 yesterday. Bulls look

for a break above and then need to clear channel top resistance to extend the

uptrend. Above here opens the 3% upper Bollinger band at 172.42, ahead of

channel resistance on approach to 172.89. Bears look for a break below the May

30 low & channel base support to change the outlook. Below here opens the 50%

retracement of the May range at 168.70, ahead of the 50-dma at 168.54.