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(U9) Rally opens contract high *RES 4:...>

BUND TECHS
BUND TECHS: (U9) Rally opens contract high
*RES 4: 175.00 Round number resistance
*RES 3: 174.79 1.764 projection of the Mar 4-Mar 28 rally from Apr 17 low
*RES 2: 174.05 High Jul 4 and key trend resistance
*RES 1: 173.63 High Jul 18
*PRICE: 173.51 @ 05:02 GMT July 19
*SUP 1: 172.02 Low Jul 18
*SUP 2: 172.44 Low Jul 17
*SUP 3: 172.16 Low Jul 16
*SUP 4: 171.43 50-day EMA
U9 Bund rallied higher again yesterday to extend the recent recovery off last
Friday's 171.25 low. This low was just ahead of the 50-day EMA, an average that
highlights where an important area of support in the uptrend potentially exists.
The recovery has also cleared 172.95, 61.8% of the decline between Jul 4-Jul 12.
This was an important short-term hurdle for bulls and the break reinforces the
bullish tone. Attention is on the 174.05 contract high. 173.02 is support.

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