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(U9) Strong impulsive rally confirms.....>

BUND TECHS
BUND TECHS: (U9) Strong impulsive rally confirms resumption of bull trend
*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: 171.68 @ 03:30 GMT June 20
*SUP 1: 171.42 Low Jun 17 and initial key support
*SUP 2: 170.98 Low Jun 11
*SUP 3: 170.64 Low Jun 6
*SUP 4: 170.14 Trendline support drawn off the Apr 17 low
U9 Bund remains in a clear uptrend following Tuesday's bullish resumption.
Fundamentals and technicals are still strongly aligned and this highlights a
firm bull trend condition. Momentum is overbought and the threat of bearish
divergence remains evident. This however is not seen as a concern to bulls at
this stage. Key support lies at 171.42, the Jun 17-low. In Japanese candlestick
terms, Tuesday's pattern was a standard line. This is a continuation pattern.

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