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

BUND TECHS: (U9) Consolidating 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: 172.05 @ 02:50 GMT June 24

*SUP 1: 171.51 Low Jun 18 and initial key support

*SUP 2: 171.42 Low Jun 17

*SUP 3: 170.98 Low Jun 11

*SUP 4: 170.64/54 Low Jun 6 and trendline support from Apr 17

U9 Bund remains in an uptrend. From a Japanese candlestick perspective, price

action is consolidating within the strong body of Jun 18. The area between the

open and the close (the body), of this day represents a broad area of support.

Thus any move lower is viewed as a correction with key support located at

171.51, the Jun 18 low. With the uptrend intact, a break above last weeks high

at 172.88 confirms a resumption of the up-trend.