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(M18) 158.35-53 Support Key Today *RES...>

BUND TECHS
BUND TECHS: (M18) 158.35-53 Support Key Today
*RES 4: 160.26 Low Dec 13 now resistance
*RES 3: 159.57 High Dec 27
*RES 2: 159.27 Monthly High Jan 8
*RES 1: 159.03 Daily Bull channel top
*PREVIOUS CLOSE: 158.81
*SUP 1: 158.53 Hourly resistance Mar 22 now support
*SUP 2: 158.35 High Mar 16 now support
*SUP 3: 158.12 Hourly resistance Mar 20 now support
*SUP 4: 157.67 Low Mar 19
*COMMENTARY: Topside hesitation came to an end with an aggressive rally and pop
above the bull channel top that sees immediate bullish focus on 159.27-58 where
Jan highs are noted. The Bollinger top is noted at 158.73 with potential to
limit follow through. Layers of support building add to bullish confidence.
Bears now need a close below 158.35 to ease bullish pressure and below 156.88 to
confirm breaks of key supports and initially target 156.22.

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