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(M18) Above 21-DMA Initially Targets.....>

BUND TECHS
BUND TECHS: (M18) Above 21-DMA Initially Targets 159.55-69
*RES 4: 159.55 High Apr 18
*RES 3: 158.92 21-DMA
*RES 2: 158.74 Low Apr 16 now resistance
*RES 1: 158.55 Low Mar 23 now resistance
*PREVIOUS CLOSE: 158.34
*SUP 1: 157.90 Hourly resistance Apr 26 now support
*SUP 2: 157.43 Low Mar 24
*SUP 3: 157.34 Low Mar 14
*SUP 4: 156.22 Monthly Low Mar 8
*COMMENTARY: Support emerging below the 55-DMA (157.63) combined with O/S daily
studies impacted to ease bearish pressure with a close above the 100-DMA
(158.08) and sees focus on the 21-DMA. Bulls need a close above the 21-DMA to
return focus to 159.55-69 where Mar & Apr highs are noted. Bears look for a
below 157.90 to signal a false break and below 157.34 to confirm traction below
the 55-DMA initially targeting 156.02-22.

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