(M18) 158.04 Break Allows Corrective.....>

BUND TECHS: (M18) 158.04 Break Allows Corrective Recovery

*RES 4: 158.95 Apr 13, Apr 17 lows, now resistance

*RES 3: 158.83 61.8% Fibo of 159.69-157.43

*RES 2: 158.74 Apr 16 low, now resistance

*RES 1: 158.50/56 Hourly resistance, 50% of 159.69-157.43

*PRICE: 158.34 @1518GMT

*SUP 1: 157.95/00 Hourly support

*SUP 2: 157.65 Hourly congestion Apr 23-25

*SUP 3: 157.43 Apr 24 low

*SUP 4: 157.16 50% Fibo of 154.62-159.69

*COMMENTARY* Monday saw the slide continue, moving below 158.15 initially and

then later the 157.75-157.72 area. A low of 157.43, which survived pressure

again on Wednesday. This offered protection to the next band of support between

the 50% Fibo level at 157.16 and the lower 1% volatility band at 156.87.

Meanwhile, nearest resistance from 158.04 has been beached, allowing some

correction of losses sustained since the Mar 28 high at 159.69.