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(H18) 21-DMA Support Key Today *RES 4:...>

BUND TECHS
BUND TECHS: (H18) 21-DMA Support Key Today
*RES 4: 160.38 High Mar 5
*RES 3: 160.04 Hourly resistance Mar 5
*RES 2: 159.74 High Mar 6
*RES 1: 159.41 Low Mar 5 now resistance
*PREVIOUS CLOSE: 159.16
*SUP 1: 158.85 Highs Feb 21 & 22 now support
*SUP 2: 158.74 21-DMA
*SUP 3: 158.17 Low Feb 21
*SUP 4: 157.90 Low Feb 20
*COMMENTARY: Correcting O/B daily studies continue to weigh with immediate focus
on 158.74-85 where the 21-DMA is noted. Bears now need a close below the 21-DMA
to add weight to the case for a test of 157.26-42. Layers of resistance are
accumulating which adds to bearish confidence. Bulls now look for a close above
159.74 to gain breathing room and above 160.38 to confirm a break of the 55-DMA
and shift focus to 161.08-162.04 where the 100-DMA (161.10) is located.

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