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(U9) Mature trend? *RES 4: 175.95 2.00...>

BUND TECHS
BUND TECHS: (U9) Mature trend?
*RES 4: 175.95 2.00 projection of the Mar 4-Mar 28 rally from Apr 17 low
*RES 3: 174.45 Bull channel top drawn off the Apr 17 low
*RES 2: 175.00 Round number resistance
*RES 1: 174.92 Contract high, Jul 25
*PRICE: 174.21 @ 02:37 GMT July 26
*SUP 1: 173.49 Low Jul 25 and key support
*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 however price action traded within a wide
daily range and closed down on the day. This activity is a warning sign that
some uncertainty is developing with respect to the trend and potentially an
early indication the trend is mature. For now though, the outlook remains
bullish following fresh contract highs printed this week. A key support and near
term risk parameter for bulls has been defined at 173.49, yesterday's low.

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