(H18) Recovery Stalls Ahead Of Next......>

BUND TECHS: (H18) Recovery Stalls Ahead Of Next 160.52 Fibo Retrace Level 

*RES 4: 160.87 1% volatility band

*RES 3: 160.52 50% Fibo of 163.78-157.26

*RES 2: 160.38 Intraday high

*RES 1: 160.00/10 Hourly resistance

*PRICE: 159.72 @1650GMT

*SUP 1: 159.54/58 61.8% of 159.03-160.38, Mar 2 low

*SUP 2: 159.34 Initial rally high Feb 28, 76.4% Fibo

*SUP 3: 159.03 Feb 28 low

*SUP 4: 158.78/85 Feb 16, Feb 21 highs, now support

*COMMENTARY* The move through the Feb 5 and Jan 31 highs at 159.30-159.33 last

week, gave the green light to the potential for a greater correction of the

163.78-157.26 losses seen since mid December. With today's higher opening we

have seen 160.38 so far, as we approach the next Fibo retrace level, the 50%, at

160.52. Support is now seen from the 159.58-159.34 area, loss would concern and

suggest the correction may have run it's course.