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(H18) Lacking Traction Above 55-DMA......>

BUND TECHS
BUND TECHS: (H18) Lacking Traction Above 55-DMA
*RES 4: 161.13 High Jan 23
*RES 3: 160.38 High Mar 5
*RES 2: 160.04 Hourly resistance Mar 5
*RES 1: 159.71 Hourly support Mar 5 now resistance
*PREVIOUS CLOSE: 159.54
*SUP 1: 159.36 Daily Bull channel base (off Feb 15 low)
*SUP 2: 159.03 Low Feb 28
*SUP 3: 158.85 Highs Feb 21 & 22 now support
*SUP 4: 158.52 Hourly support Feb 22
*COMMENTARY: O/B daily studies and the Bollinger band top (160.07) remain key
concerns for bulls and continue to limit follow through above the 55-DMA
(160.09). Bulls now look for a close above 160.38 to confirm a break of the
55-DMA and shift focus to 161.10-162.04 where the 100-DMA (161.10) is located.
The 158.85 support is key. Bears need a close below to shift initial focus back
to 158.52-59 and overall focus to 157.26-42.

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