(M18) 159.89-158.82 Support Back In......>

BUND TECHS: (M18) 159.89-158.82 Support Back In Focus

*RES 4: 160.86 1% volatility band

*RES 3: 160.26 Dec 13 low, now resistance

*RES 2: 160.18 1.618 swing of 159.69-158.89

*RES 1: 159.66/69 Apr 4, Mar 28 highs

*PRICE: 159.07 @0815GMT

*SUP 1: 158.82/89 Hourly base Mar 27, Apr 5 low

*SUP 2: 158.53/55 Initial rally high Mar 22, Mar 23 low

*SUP 3: 158.30/35 Mar 19, Mar 16 highs, now support

*SUP 4: 158.17 Mar 20 high, now support

*COMMENTARY* Has spent all week trying to challenge last month's 159.69 high but

has been unable to improve on this so far. A high of 159.66 attained, before

once again retreating within the recent range. Support from 159.89 is once again

under investigation but it is the slightly lower 158.82 level that is key. Below

would caution and open up 158.55-158.17 potential. Still need a move above that

159.69 to ease concerns.