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(H18) 160.36 Resistance Remains Key......>

BUND TECHS
BUND TECHS: (H18) 160.36 Resistance Remains Key
*RES 4: 162.03 55-WMA
*RES 3: 161.13 High Jan 23
*RES 2: 160.36 High Jan 26
*RES 1: 160.15 55-DMA
*PREVIOUS CLOSE: 159.62
*SUP 1: 159.51 Hourly resistance Feb 28 now support
*SUP 2: 159.03 Low Feb 28
*SUP 3: 158.85 Highs Feb 21 & 22 now support
*SUP 4: 158.52 Hourly support Feb 22
*COMMENTARY: O/B daily studies and the Bollinger band top (159.91) remain key
concerns for bulls and continue to limit follow through. In saying that, bears
now need a close below 159.51 to gain breathing room and below 158.85 to shift
initial focus back to 158.52-59 and overall focus to 157.26-42. Bulls now look
for a close above 160.36 to confirm a break of the 55-DMA and initially target
161.11-162.04 where the 100-DMA and 55-WMA are noted.

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