(U9) Focus is on the 172.91 bull.........>

BUND TECHS: (U9) Focus is on the 172.91 bull trigger

*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: 172.72 @ 02:39 GMT June 28

*SUP 1: 171.92 Low Jun 27 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 managed a strong rebound off yesterday's low. While activity remains

within the consolidative range that has developed since Jun 19, the focus

returns to the 172.91 high & key bull trigger. The underlying bull trend remains

intact and a clear move through 172.91 would confirm a resumption of the

uptrend. Bearish divergence between price & momentum has developed. This will

threaten the bull trend if 171.92 support is breached.