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(U9) Trendline support breached *RES.....>

BUND TECHS
BUND TECHS: (U9) Trendline support breached
*RES 4: 173.46 High Jul 9
*RES 3: 173.08 High Jul 10
*RES 2: 172.73 High Jul 11
*RES 1: 172.02 Low Jul 10 / Former trendline support drawn off Apr 17 low
*PRICE: 171.51 @ 03:07 GMT July 15
*SUP 1: 171.17/25 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 likely to remain heavy. Trendline support drawn off the low of Apr 17
was breached on Friday. This together with momentum studies that point lower
signals an environment favouring bears. Friday's low of 171.25 is initial
support and lies ahead of the 38.2% retracement of the Apr 17-Jul 4 rally at
171.01. A break of 171.01 would open 170.64. Resistance provided by the former
trendline support, intersects at 172.02.

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