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(H18) Awaiting Break Of 160.30-160.97....>

BUND TECHS: (H18) Awaiting Break Of 160.30-160.97 Range
*RES 4: 161.55 Jan 10 high
*RES 3: 161.30 Mini congestion area Jan 10-11
*RES 2: 161.18 Jan 2 low, now resistance
*RES 1: 160.91/97 Jan 10 low, Jan 16-17 highs
*PRICE: 160.58 @0917GMT
*SUP 1: 160.30 Jan 15, Jan 18-19 lows
*SUP 2: 160.00/11 May 11, Jan 12 lows
*SUP 3: 159.58 1.618 swing of 160.11-160.97
*SUP 4: 159.44 Equality fall from 162.04 to 163.78-161.18
*COMMENTARY* The recovery continues to find the 160.91-160.97 region difficult
to contend with and as a result, after a couple of days of trying, we have again
tested 160.30 support. Lower and 160.00 comes back under pressure, with any
break suggesting scope for a deeper 159.58-159.44 fall, ahead of the lower 1%
volatility band at 159.11 by time today. Meanwhile, it will still take a break
above 160.97-161.18 before any real upside confidence will appear.

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