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(M18) 157.67 & 158.39 Levels Remain......>

BUND TECHS
BUND TECHS: (M18) 157.67 & 158.39 Levels Remain Key
*RES 4: 158.93 Daily Bull channel top
*RES 3: 158.52 Bollinger band top
*RES 2: 158.39 High Jan 23
*RES 1: 158.17 High Mar 20
*PREVIOUS CLOSE: 157.99
*SUP 1: 157.67 Low Mar 19
*SUP 2: 157.34 Low Mar 14
*SUP 3: 157.19 21-DMA
*SUP 4: 156.88 Low Mar 9
*COMMENTARY: Continued hesitation ahead of the 158.39 resistance is less than
ideal for bulls who need a close above to confirm focus on 159.27-58. The
Bollinger top (158.52) remains the key concern for bulls and limits follow
through. Bears still need a close below 157.67 to ease bullish pressure and
below 156.88 to confirm breaks of DMAs & the bull channel base off Feb 15 lows,
hinting at a move back to 154.62 with below 156.22 to confirm.

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