(Z9) Retracement level is key *RES 4:....>

BUND TECHS: (Z9) Retracement level is key

*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: 174.15 @ 02:54 GMT Sep 26

*SUP 1: 173.93/85 Low Sep 25 / Former t-line resistance drawn off Sep 3 high

*SUP 2: 173.29 Low Sep 20

*SUP 3: 172.65 Low Sep 18

*SUP 4: 172.18 Low Sep 13 and key support

Z9 Bund gains stalled yesterday and selling pressure emerged just ahead of the

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

important pivotal level, a failure to clear it would suggest the recent recovery

has been a correction and that price action will likely return to the Sep 13 low

of 172.18. A breach of the retracement would attract bullish interest for a push

towards 175.62 and higher.