(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: 159.17 @0856GMT

*SUP 1: 158.66 Jan 29 low

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

*SUP 3: 158.40/55 1% vol band, 50% Fibo of 148.23-168.86

*SUP 4: 158.05 1.618 swing of 160.24-163.78

*COMMENTARY* Opened lower Monday, support from 159.57-159.44 gave way, as did

the 6 week bear channel base, with the lower 1% volatility band then at 158.55

also being threatened. A base of 158.66 so far and we are 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.