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(H18) Daily Bear Channel Top Confirms....>

BUND TECHS
BUND TECHS: (H18) Daily Bear Channel Top Confirms Significance
*RES 4: 159.33 High Jan 31
*RES 3: 158.85 High Feb 21
*RES 2: 158.78 Daily Bear channel top (Off Dec 15 High)
*RES 1: 158.61 Hourly resistance Feb 21
*PREVIOUS CLOSE: 158.23
*SUP 1: 157.90 Low Feb 21
*SUP 2: 157.65 Low Feb 16
*SUP 3: 157.42 Low Feb 15
*SUP 4: 157.26 2018 Low Feb 8
*COMMENTARY: The daily bear channel top confirmed significance again leaving the
contract looking offered. Bulls now need a close above 158.85 to confirm a break
of the channel top and 21-DMA (158.57), easing bearish pressure and above 159.66
to shift focus to 160.67-161.21 where 55 & 100-DMAs are noted. Bears need a
close below 157.90 to gain breathing room. A close below 157.26 remains needed
to add weight to the case for a test of the bear channel base (156.22).

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