(U9) Consolidates recent gains,..........>

BUND TECHS: (U9) Consolidates recent gains, outlook remains bullish

*RES 4: 173.75 wave equality of May 3 - May 15 rally off Jun 11 low

*RES 3: 173.00 Round number resistance

*RES 2: 173.12 1.618 Fibonacci projection of 166.95-169.75 from 168.59

*RES 1: 172.88 U9 contract high Jun 18

*PRICE: 172.64 @ 02:43 GMT June 21

*SUP 1: 172.09 Low Jun 19

*SUP 2: 171.42 Low Jun 17 and initial key support

*SUP 3: 170.98 Low Jun 11

*SUP 4: 170.64 Low Jun 6

U9 Bund is consolidating the week's earlier gains. The uptrend remains intact

with Tuesday's high of 172.77 marking the next bull trigger. Momentum remains

overbought and the threat of bearish divergence is still present however this is

not seen as a concern to bulls at this stage. Key support lies at 171.42, the

Jun 17-low. In Japanese candlestick terms, Tuesday's pattern was a standard

line. This is a continuation pattern.