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(U9) Fresh contract high *RES 4:.........>

BUND TECHS
BUND TECHS: (U9) Fresh contract high
*RES 4: 175.95 2.00 projection of the Mar 4-Mar 28 rally from Apr 17 low
*RES 3: 175.00 Round number resistance
*RES 2: 174.79 1.764 projection of the Mar 4-Mar 28 rally from Apr 17 low
*RES 1: 174.51 Contract high, Jul 24
*PRICE: 174.25 @ 02:45 GMT July 25
*SUP 1: 174.05 High Jul 4 and former bull trigger
*SUP 2: 173.27 Low Jul 19
*SUP 3: 173.02 Low Jul 18
*SUP 4: 172.44 Low Jul 17
U9 Bund pushed higher again yesterday. The outlook remains bullish with momentum
studies in a bull mode. Furthermore, yesterday's gains resulted in a break of
174.05, the high of Jul 4 and marks a fresh contract high. This confirms a
resumption of the uptrend as the price sequence of higher highs and higher lows
extends. The focus is now on the 174.79 Fibonacci projection. 174.05 is initial
support ahead of 173.27.

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