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(H18) 159.66 Resistance Key This Week....>

BUND TECHS: (H18) 159.66 Resistance Key This Week
*RES 4: 159.66 High Jan 29
*RES 3: 159.33 High Jan 31
*RES 2: 159.00 Daily Bear channel top
*RES 1: 158.80 21-DMA
*SUP 1: 158.01 Hourly support Feb 16
*SUP 2: 157.65 Low Feb 16
*SUP 3: 157.42 Low Feb 15
*SUP 4: 157.26 2018 Low Feb 8
*COMMENTARY: The bounce Friday was less than ideal for bears but hesitation
ahead of 158.80-159.66 sees bears retain control. Bulls continue to look for a
close above 159.66 to confirm breaks of the 21-DMA and the daily bear channel
top, shifting focus to 160.83-161.25 where 55 & 100-DMAs are noted. Bears now
look for a close below 158.01 to distance themselves from key resistance. Below
157.26 adds weight to the case for a test of the bear channel base (156.43).

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