(M18) 158.04 So Far Thwarts Attempts.....>

BUND TECHS: (M18) 158.04 So Far Thwarts Attempts At A Near Term Recovery

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

*RES 3: 158.74 Apr 16 low, now resistance

*RES 2: 158.30/40 Hourly recovery high Apr 20, Apr 20 high

*RES 1: 158.00/04 Hourly resistance, Apr 24 high

*PRICE: 157.63 @0730GMT

*SUP 1: 157.43 Apr 24 low

*SUP 2: 157.16 50% Fibo of 154.62-159.69

*SUP 3: 157.04/08 76.4% 156.22-159.69, swing 157.43-158.00

*SUP 4: 156.98 1% volatility band

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

then later the 157.75-157.72 area. A low so far of 157.43, which is again under

pressure early today. This currently offers protection to the next band of

support between the 50% Fibo level at 157.16 and the lower 1% volatility band at

156.98. Nearest resistance still comes from beneath 158.04 but any recovery will

only generate pace above 158.30-158.40.