(H9) Marginal New Highs *RES 4: 166.40...>

BUND TECHS: (H9) Marginal New Highs

*RES 4: 166.40 High Feb 24 2017 (continuation chart)

*RES 3: 166.00 Resistance (continuation chart)

*RES 2: 165.83 High Sep 5, 2017 (continuation chart)

*RES 1: 165.65 Hourly high Jan 31 

*PRICE: 165.45 @ 05:00 GMT Jan 31 

*SUP 1: 164.56 21-dma (continuation chart)

*SUP 2: 163.84 Low Jan 18 (continuation chart)

*SUP 3: 163.15 Low Dec 27 (continuation chart)

*SUP 4: 162.51 Low Dec 13 (continuation chart)

Bund futures continue to edge higher hitting fresh cycle highs today in the wake

of the dovish US Fed meeting. The Sep 5 high at 165.83 is now in focus for the

bulls, above which would open the 166.00 level. Bears have their work cut out to

reverse recent gains with a break below the 21-dma at 164.56 needed to suggest a

downside reversal. Below here would open the Jan 18 low at 163.84 ahead of the

Dec 27 low at 163.15.