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(M18) 159.89-158.82 Support Gets.........>

BUND TECHS: (M18) 159.89-158.82 Support Gets Squeezed Monday
*RES 4: 160.86 1% volatility band
*RES 3: 160.26/28 Dec 13 low, 1.618 swing of 159.69-158.74
*RES 2: 159.66/69 Apr 4, Mar 28 highs
*RES 1: 159.35/45 Hourly resistance
*PRICE: 159.02 @0725GMT
*SUP 1: 158.74 Apr 16 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* Spent all last week trying to challenge March's 159.69 high but was
unable to improve on this. A high of 159.66 attained, before once again
retreating within the recent range. Support from 159.89-159.82 gave way Monday,
below cautions and allows 158.55-158.17 corrective potential. Resistance
159.35-159.45 above would encourage but still need a move above that 159.69 to
ease concerns, 160.18-160.28 higher.

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