(U9) Outlook remains bullish, focus is...>

BUND TECHS: (U9) Outlook remains bullish, focus is on 172.88

*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: 172.88 U9 contract high Jun 18

*PRICE: 172.47 @ 02:47 GMT June 25

*SUP 1: 171.51 Low Jun 18 and initial key support

*SUP 2: 171.42 Low Jun 17

*SUP 3: 170.98 Low Jun 11

*SUP 4: 170.64/74 Low Jun 6 and trendline support from Apr 17

U9 Bund remains in an uptrend, yesterday's gains are encouraging for bulls. From

a Japanese candlestick perspective, price action remains within the strong body

of Jun 18. The area between the open and the close (the body), on this day

represents a broad area of support. Thus any move lower is viewed as a

correction with key support at 171.51, the Jun 18 low. With the uptrend intact,

a break above last weeks 172.88 high confirms a resumption of the up-trend.