(U9) Contract high at 179.67 *RES 4:.....>

BUND TECHS: (U9) Contract high at 179.67

*RES 4: 181.00 Round number resistance

*RES 3: 180.05 1.00 projection of Jul 12-Jul 25 rally from the Aug 8 low

*RES 2: 180.00 Round number resistance

*RES 1: 179.67 Contract high Sep 3

*PRICE: 178.88 @ 02:50 GMT Sep 4

*SUP 1: 178.22 Low Aug 26

*SUP 2: 177.48 Low Aug 23 and bear trigger

*SUP 3: 176.96 Low Aug 9

*SUP 4: 176.45 38.2% retracement of Jul 12-Aug 15 rally

U9 Bund prices traded to a new 179.67 contract high yesterday but failed to hold

onto the gains. The consolidation that has developed recently still dominates.

For now, the focus is on 179.67 where a break would confirm a resumption of the

uptrend and open the 180.05 Fibonacci projection. On the downside, a move below

178.22, Aug 26 low and more importantly 177.48, Aug 23 low is required to

highlight a top. Momentum in this instance would likely be bearish.