(H18) Falls Toward Two Fibo Retrace......>

BUND TECHS: (H18) Falls Toward Two Fibo Retrace Levels From 158.58-158.55

*RES 4: 160.32/36 Jan 24, Jan 26 lows, now resistance

*RES 3: 160.03/11 Hourly high Jan 26, Jan 12 low

*RES 2: 159.66/74 Jan 25, Jan 26 lows 

*RES 1: 159.30 Hourly resistance

*PRICE: 158.79 @1640GMT

*SUP 1: 158.66 Intraday low

*SUP 2: 158.58 76.4% Fibo of 156.97-163.78

*SUP 3: 158.55 50% Fibo of 148.23-168.86

*SUP 4: 158.05 1.618 swing of 160.24-163.78

*COMMENTARY* Opened lower today, support from 159.57-159.44 has given way as has

the 6 week bear channel base and lower 1% volatility band between 158.95-158.73.

A base of 158.66 so far and we are even more heavily oversold as a result. Next

supports of note come from two Fibo retrace levels, the 76.4% at 158.58 and the

longer term 50% at 158.55. Meanwhile, resistance comes from below 159.30, back

above needed to start repairing some of those oversold conditions.