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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: 160.12 Bollinger band top
*RES 3: 159.69 Monthly High Mar 28
*RES 2: 159.55 High Apr 18
*RES 1: 158.92 21-DMA
*PREVIOUS CLOSE: 158.60
*SUP 1: 158.44 Hourly support Apr 27
*SUP 2: 157.90 Hourly resistance Apr 26 now support
*SUP 3: 157.43 Low Mar 24
*SUP 4: 157.34 Low Mar 14
*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 158.44 to ease pressure on the 21-DMA and below 157.37 to confirm traction
below the 55-DMA (157.69) initially targeting 156.02-22.

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