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(M18) 158.12-159.01 Support Key Today....>

BUND TECHS
BUND TECHS: (M18) 158.12-159.01 Support Key Today
*RES 4: 161.69 Weekly Bear channel top off Sept High
*RES 3: 160.98 Monthly High Dec 11
*RES 2: 160.26 Low Dec 13 now resistance
*RES 1: 159.58 High Dec 27
*PREVIOUS CLOSE: 159.38
*SUP 1: 159.01 High Mar 23 now support
*SUP 2: 158.53 Hourly resistance Mar 22 now support
*SUP 3: 158.35 High Mar 16 now support
*SUP 4: 158.12 Hourly resistance Mar 20 now support
*COMMENTARY: Bulls continue to gain confidence with bullish focus now on layers
of resistance 159.58-160.98 and a close above needed to target 161.66-162.79
where 55 & 100-WMAs and the bear channel top are located. O/B daily studies
remain the key concern for bulls. Bears now need a close below 159.01 to ease
bullish pressure and below 158.12 to shift focus back to 156.88-157.68 where the
21-DMA is noted.

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