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(Z9) Bounce Highlights Developing........>

BUND TECHS
BUND TECHS: (Z9) Bounce Highlights Developing Bullish Theme
*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
*RES 1: 174.78 Intraday high
*PRICE: 174.53 @ 03:27 GMT Oct 4
*SUP 1: 173.31/29 Low Oct 1 / Low Sep 20
*SUP 2: 172.79 Former trendline resistance drawn off Sep 3 high
*SUP 3: 172.65 Low Sep 18
*SUP 4: 172.18 Low Sep 13 and key support
Z9 Bund pushed higher Thursday to go into Friday's session on a slightly more
bullish note. Tuesday's sell-off found support at the former trendline
resistance drawn off Sep 3 high and breached Sep 23. While the recovery offers
some encouragement to bulls, the ability to clear last weeks 174.97 high and the
61.8% level of Sep 3 - Sep 13 decline, at 175.07 would provide further
encouragement to bulls. This would open 175.62 and higher. 173.31/29 is support.

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