(Z9) Still Below Resistance *RES 4:......>

BUND TECHS: (Z9) Still Below Resistance

*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: 174.46 @ 02:59 GMT Oct 9

*SUP 1: 173.88 Low Oct 3

*SUP 2: 173.31/29 Low Oct 1 / Low Sep 20

*SUP 3: 172.65 Low Sep 18

*SUP 4: 172.18 Low Sep 13 and key support

Z9 Bund was firmer yesterday, however prices still remain below initial

resistance at 174.78 to essentially maintain the current sideways move. From a

directional perspective, the outlook is bullish. To reinforce this outlook

though, a break above 174.97, Sep 25 high and the 61.8% retracement of Sep 3 -

Sep 13 decline, at 175.07 is required. This would confirm a bullish theme and

open 175.62 and higher. Initial key support remains 173.31/29.