(H18) Opens Lower But Becoming Heavily...>

BUND TECHS: (H18) Opens Lower But Becoming Heavily Oversold

*RES 4: 160.75 Jan 25 high

*RES 3: 160.32/36 Jan 24 low, Jan 26 low

*RES 2: 160.03/11 Hourly recovery high Jan 26, Jan 12 base

*RES 1: 159.75/85 Hourly resistance

*PRICE: 159.41 @0925GMT

*SUP 1: 158.95 6 week bear channel base

*SUP 2: 158.79 1% volatility band

*SUP 3: 158.73 Mar 14 low

*SUP 4: 158.55 50% Fibo of 148.23-168.86

*COMMENTARY* Has again opened lower today, support from 159.57-159.44 has given

way but we are now heavily oversold on a near term basis. Having lost 159.44

have seen a low of 159.30 so far but there is currently not much else showing

until the 6 week bear channel base at 158.95 and the lower 1% volatility band

and Mar 14 low between 158.79-158.73. Back above 159.75-85 would help but

160.03-160.11 likely a tougher proposition higher.