(H18) Rally Breaks Range Highs, Heads....>

BUND TECHS: (H18) Rally Breaks Range Highs, Heads Toward 159.30-33 Next

*RES 4: 160.11 Jan 12 low, now resistance

*RES 3: 159.87 1% volatility band

*RES 2: 159.75 38.2% Fibo of 163.78-157.26

*RES 1: 159.30/33 Feb 5, Jan 31 highs

*PRICE: 159.17 @1108GMT

*SUP 1: 158.78/81 Feb 16, Feb 21 highs, now support

*SUP 2: 158.65/66 Feb 9 high, hourly base Feb 22

*SUP 3: 158.40/45 Congestion area Feb 20-21

*SUP 4: 158.17 Feb 21 low

*COMMENTARY* Have finally seen a break above the top of the recent range, the

move through 158.82-158.92, now returns the near term bias to the topside and

ideally for another look at 159.30-159.33. This the Feb 5 and Jan 31 highs. Will

need to post further gains through here however, before the belief in the

potential for a greater correction of the 163.78-157.26 losses will grow,

beginning with 159.75. In the interim, now have congested 158.81-158.65 support.