(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: 159.33 Intraday high

*PRICE: 158.77 @1645GMT

*SUP 1: 158.58/66 76.4% Fibo of 156.97-163.78, Jan 29 low

*SUP 2: 158.40/55 1% vol band, 50% Fibo of 148.23-168.86

*SUP 3: 158.25 1.618 swing of 158.66-159.33

*SUP 4: 158.05 1.618 swing of 160.24-163.78

*COMMENTARY* Support from 159.57-159.44 gave way Monday, 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 with the rally to 159.33 we have

quietened the near term oversold conditions. Below 158.66 and  two Fibo retrace

levels, the 76.4% at 158.58 and the longer term 50% at 158.55, now protect

158.40-158.05. Meanwhile, back above 159.33 needed to restart upside interest.