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(M18) Bears Need Close Below 158.35......>

BUND TECHS
BUND TECHS: (M18) Bears Need Close Below 158.35
*RES 4: 160.98 Monthly High Dec 11
*RES 3: 160.26 Low Dec 13 now resistance
*RES 2: 159.58 High Dec 27
*RES 1: 159.27 Monthly High Jan 8
*PREVIOUS CLOSE: 158.77
*SUP 1: 158.53 Hourly resistance Mar 22 now support
*SUP 2: 158.35 High Mar 16 now support
*SUP 3: 158.12 Hourly resistance Mar 20 now support
*SUP 4: 157.67 Low Mar 19
*COMMENTARY: O/B daily studies are now a concern for bulls as the contract
pauses around last week's 2mth highs. Bull currently focus on 159.27-58 where
Jan highs are noted. The Bollinger top is noted at 159.09 with potential to
limit follow through. Layers of support 156.88-158.35 remains key. Bears still
need a close below 158.35 to ease bullish pressure and below 156.88 to confirm
breaks of key supports and initially target 156.22.

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