(H18) Nears 38.2% Retrace Level As.......>

BUND TECHS: (H18) Nears 38.2% Retrace Level As Correction Continues 

*RES 4: 160.52 50% Fibo of 163.78-157.26

*RES 3: 160.17 1% volatility band

*RES 2: 160.11 Jan 12 low, now resistance

*RES 1: 159.75 38.2% Fibo of 163.78-157.26

*PRICE: 159.44 @0810GMT

*SUP 1: 159.15/25 Hourly support, Feb 26 low

*SUP 2: 158.85 Feb 21, Feb 22 highs, now support

*SUP 3: 158.65/66 Feb 9 high, hourly base Feb 22

*SUP 4: 158.44 Feb 13 high, now support

*COMMENTARY* Finally saw a break above the top of the recent range, the move

through 158.85 returning the near term bias to the topside. The further move

through the Feb 5 and Jan 31 highs at 159.30-159.33 is another positive. Now

looking at the potential for a greater correction of the 163.78-157.26 losses,

beginning with the 38.2% Fibo retrace at 159.75. In the interim, now have

congested 159.25-159.15 support, with the old 158.85 highs below.