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

BUND TECHS
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.
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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