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(M18) 159.24-159.25 The Bar To Fresh.....>

BUND TECHS
BUND TECHS: (M18) 159.24-159.25 The Bar To Fresh Revival Hopes
*RES 4: 159.98 1.618 swing 159.42-158.52
*RES 3: 159.69 Mar 28 high
*RES 2: 159.42/49 May 7 high, 1.618 swing 159.25-158.86
*RES 1: 159.24/25 Initial pullback low May 7, May 10 high
*PRICE: 159.05 @0727GMT
*SUP 1: 158.86 Hourly base May 10
*SUP 2: 158.69 Initial rally high May 9, now support
*SUP 3: 158.52 May 9 low
*SUP 4: 158.38/43 Apr 30, May 3 lows
*COMMENTARY* Has struggled to maintain upside momentum after breaking above
pivotal 159.16 resistance last Thursday. This has precluded a retest of the Mar
28 high at 159.69. A peak of 159.42 so far, before some correction took place.
The subsequent move below 158.60 damaged near term hopes but found support from
the slightly lower 158.52. Thursday's revival has retested 159.25 and needs to
sustain a break here to remove bearish undertones. Support 158.86-158.69.

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