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(M18) Above 157.69 Initially Targets.....>

BUND TECHS
BUND TECHS: (M18) Above 157.69 Initially Targets 158.25-39
*RES 4: 158.39 High Jan 23
*RES 3: 158.35 Daily Bull channel top
*RES 2: 158.25 100-DMA
*RES 1: 157.69 High Mar 5
*PREVIOUS CLOSE: 157.59
*SUP 1: 157.09 55-DMA
*SUP 2: 156.88 Low Mar 9
*SUP 3: 156.47 21-DMA
*SUP 4: 156.22 Low Mar 8
*COMMENTARY: M18 gains traction above the 55-DMA with pressure on 157.69. Bulls
need a close above 157.69 to shift initial focus to 158.25-39 where the bull
channel top & 100-DMA are noted & overall focus to 159.03. The Bollinger top
(157.86) is the key concern for bulls with potential to limit follow through.
Initial support is noted at the 55-DMA but bears look for a close below 156.8 to
ease bullish pressure and below 156.22 to shift focus back to 154.62 Feb lows.

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