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(U9) Consolidation seen as a pause in....>

BUND TECHS
BUND TECHS: (U9) Consolidation seen as a pause in the up-trend
*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: 172.91 U9 contract high Jun 26
*PRICE: 172.19 @ 02:51 GMT June 27
*SUP 1: 171.95 Low Jun 25 and key short-term support
*SUP 2: 171.51 Low Jun 18
*SUP 3: 171.42 Low Jun 17
*SUP 4: 170.84 Trendline support from Apr 17
U9 Bund has pulled back from recent highs. A consolidative tone seems to be
establishing itself & for now this is seen as a pause in the uptrend. Bullish
conditions remain in place with the focus on this weeks high of 172.91. A break
would signal a resumption of the uptrend. Bearish divergence between price &
momentum has developed. This will become a threat to bulls if support at 171.95
is breached. A break would expose trendline support at 170.84.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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