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(H18) Rally Frustrated By................>

BUND TECHS
BUND TECHS: (H18) Rally Frustrated By 158.82-158.92 Resistance Again
*RES 4: 159.72/75 1% vol band, 38.2% of 163.78-157.26
*RES 3: 159.30/33 Feb 5, Jan 31 highs
*RES 2: 158.82/92 76.4% Fibo of 159.30-157.26, Feb 7 high
*RES 1: 158.60/70 Hourly resistance
*PRICE: 158.34 @0840GMT
*SUP 1: 158.10/15 Hourly support
*SUP 2: 157.90 Feb 20 low
*SUP 3: 157.65 Feb 16 low
*SUP 4: 157.42 Feb 15 low
*COMMENTARY* Traded back towards the top of the recent range again on Wednesday
but still lacks a sustained move back through 158.82-158.92, needed before the
near term bias can return to the topside and another look at 159.30-159.33. This
a combination of a 76.4% Fibo retrace of the recent 159.30-157.26 fall and the
Feb 7 high. While it caps, then look now to 158.15-158.10 for initial support,
Tuesday's 157.90 low of more importance below.

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