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(H18) Rally Falters Ahead Of 161.18......>

BUND TECHS
BUND TECHS: (H18) Rally Falters Ahead Of 161.18 Resistance
*RES 4: 161.94 50% Fibo of 163.78-160.11
*RES 3: 161.51/55 38.2% of 163.78-160.11, Jan 10 high
*RES 2: 161.30/38 Congestion area Jan 10-11
*RES 1: 161.18 Jan 2 low, now resistance
*PRICE: 160.79 @1605GMT
*SUP 1: 160.57 Hourly base Jan 22
*SUP 2: 160.30 Jan 15, Jan 18-19 lows
*SUP 3: 160.00/11 May 11, Jan 12 lows
*SUP 4: 159.44 Equality fall from 162.04 to 163.78-161.18
*COMMENTARY* Have finally found the ability to break free of the recent
160.97-160.30 range. The move above 160.97 now faces resistance from the Jan 2
low at 161.18, a further rise through here is required before the opportunity
arises for a better correction of losses from the Jan 8 high at 162.04 initially
and potentially from the Dec 11 peak at 163.78. In any event, 160.30-38 and then
161.51-55 are likely barriers. Support from 160.57 and then 160.30 again.

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