(U9) Rebounds ahead of 50-day EMA *RES...>

BUND TECHS: (U9) Rebounds ahead of 50-day EMA

*RES 4: 173.46 High Jul 9

*RES 3: 173.08 High Jul 10

*RES 2: 172.95 61.8% retracement of the Jul 4-Jul 2 decline

*RES 1: 172.73 High Jul 11

*PRICE: 172.41 @ 02:31 GMT July 16

*SUP 1: 171.22/25 50-day EMA / Low Jul 12

*SUP 2: 171.01 38.2% retracement of rally between Apr 17-Jul 4

*SUP 3: 170.64 Low Jun 6

*SUP 4: 170.07 50.0% retracement of rally between Apr 17-Jul 4

U9 Bund is firmer. Friday's 171.25 low was just ahead of the 50-day EMA. The

average represents an area where support in the uptrend potentially exists. The

focus is on 172.95, 61.8% of the decline between Jul 4-Jul 12. If recent gains

are the early stages of a resumption of the uptrend, a break of 172.95 is needed

to reinforce this. Key support has been defined at 171.17. A break would instead

reinstate the bearish theme alluded to on Monday.