(Z9) Consolidates For Now *RES 4:........>

BUND TECHS: (Z9) Consolidates For Now

*RES 4: 175.76 76.4% of Sep 3 - Sep 13 decline

*RES 3: 175.62 High Sep 12

*RES 2: 175.07 61.8% of Sep 3 - Sep 13 decline

*RES 1: 174.97 High Sep 25

*PRICE: 174.12 @ 03:30 GMT Oct 1

*SUP 1: 173.77 Low Sep 30

*SUP 2: 173.32 Former trendline resistance drawn off Sep 3 high

*SUP 3: 173.29 Low Sep 20

*SUP 4: 172.65 Low Sep 18

Z9 Bund traded lower Monday but did find support off the low to maintain the

current consolidative mood. The contract remains below last weeks high of 174.97

and the 61.8% level of Sep 3 - Sep 13 decline. The retracement, at 175.07 is an

important pivot point. A failure to clear it suggests the recent recovery is a

correction and that prices will likely return to 172.18, Sep 13 low. An upside

break would instead attract bullish interest for 175.62 and higher.