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(M18) 158.89 Support Remains Key *RES....>

BUND TECHS: (M18) 158.89 Support Remains Key
*RES 4: 160.98 Monthly High Dec 11
*RES 3: 160.26 Low Dec 13 now resistance
*RES 2: 160.14 Bollinger band top
*RES 1: 159.69 High Mar 28
*SUP 1: 159.15 Low Apr 6
*SUP 2: 158.89 Low Apr 5
*SUP 3: 158.53 Hourly resistance Mar 22 now support
*SUP 4: 158.35 High Mar 16 now support
*COMMENTARY: Bears failed to capitalise on rejections around 159.69 last week
with the bounce and bullish close Friday seeing immediate pressure on this
level. The 159.69-160.26 resistance region is key with bulls needing a close
above to confirm a break of the channel top and initially target 160.98 Dec
highs. Bears still need a close below 158.89 to pressure the key 158.17-55
support region where the bull channel base, 21 & 55-DMAs are noted.

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