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(H18) Above 159.66 To Target.............>

BUND TECHS
BUND TECHS: (H18) Above 159.66 To Target 160.36-161.18
*RES 4: 161.18 100-DMA
*RES 3: 160.51 55-DMA
*RES 2: 160.36 High Jan 26
*RES 1: 159.66 Highs Jan 29 & Feb 23
*PREVIOUS CLOSE: 159.53
*SUP 1: 159.23 Hourly resistance Feb 23 now support
*SUP 2: 158.92 Hourly resistance Feb 23a now support
*SUP 3: 158.52 Hourly support Feb 22
*SUP 4: 158.17 Low Feb 21
*COMMENTARY: Bulls take comfort from Friday's gains leaving the contract
pressuring 159.66. Bulls continue to look for a close above 159.66 to shift
initial focus to 160.36-161.18 where 55 & 100-DMAs are noted. The Bollinger band
top (159.50) is the key concern for bulls with potential to limit follow
through. Layers of support have accumulated adding support to the bullish case
with bears now needing a close below 158.92 to ease bullish pressure.

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