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(Z9) 174.97 Breach Would Attract Bulls...>

BUND TECHS
BUND TECHS: (Z9) 174.97 Breach Would Attract Bulls
*RES 4: 175.62 High Sep 12
*RES 3: 175.07 61.8% of Sep 3 - Sep 13 decline
*RES 2: 174.97 High Sep 25 and initial bull trigger
*RES 1: 174.78 High Oct 3
*PRICE: 174.50 @ 02:55 GMT Oct 7
*SUP 1: 173.31/29 Low Oct 1 / Low Sep 20
*SUP 2: 172.65 Low Sep 18
*SUP 3: 172.18 Low Sep 13 and key support
*SUP 4: 172.00 Low Aug 1
Z9 Bund failed Friday to establish a clear direction. Overall, the contract
maintains a slightly more bullish tone following Thursday's gains. To reinforce
this however, prices need to clear the 174.97 high, Sep 25 high and the 61.8%
retracement of Sep 3 - Sep 13 decline, at 175.07. This would pave the way for
gains towards 175.62 and higher. Initial key support lies at 173.31/29. A break
below this level would alter the picture and highlight a bearish threat.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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