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(H18) Bollinger Top Limiting Follow......>

BUND TECHS
BUND TECHS: (H18) Bollinger Top Limiting Follow Through
*RES 4: 161.16 100-DMA
*RES 3: 160.44 55-DMA
*RES 2: 160.36 High Jan 26
*RES 1: 159.67 High Feb 26
*PREVIOUS CLOSE: 159.37
*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 although the lack of follow
through on the marginal break of 159.67 is less than ideal with daily studies
heading towards O/B. The Bollinger top (159.44) currently limits follow through.
Bears look for a close below 159.23 to ease bullish pressure and below 158.92 to
hint at a move back to 157.42 with below 158.17 to confirm. A close above 159.67
is now needed to target 160.36-161.16 where 55 & 100-DMAs are noted.

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