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(H18) Failure Below 158.92 Will Keep.....>

BUND TECHS: (H18) Failure Below 158.92 Will Keep Focus On Downside
*RES 4: 159.30 Feb 5 high
*RES 3: 158.92 Feb 7 high
*RES 2: 158.65 Feb 9 high
*RES 1: 158.30/40 Hourly resistance
*PRICE: 158.14 @0808GMT
*SUP 1: 157.55/60 Hourly support
*SUP 2: 157.26 Feb 8 low
*SUP 3: 156.75 1% volatility band
*SUP 4: 156.58 1.618 swing of 157.62-159.30
*COMMENTARY* Continued to give up ground last week, the Dec 2015 low at 157.52
lost on Thursday. A low of 157.26 seen before finding some support. The
subsequent failure to move back above the Feb 7 high at 158.92, keeps immediate
focus on lower, a loss of 157.55 would see 157.26 back under pressure, beneath
which the 1% volatility band at 156.75 offers protection to two swing targets at
156.58 and 156.40. Resistance 158.30-158.65, ahead of still important 158.92.

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