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(M18) Bears Need Close Below 159.01......>

BUND TECHS
BUND TECHS: (M18) Bears Need Close Below 159.01
*RES 4: 161.58 Weekly Bear channel top off Sept High
*RES 3: 160.98 Monthly High Dec 11
*RES 2: 160.26 Low Dec 13 now resistance
*RES 1: 159.69 High Mar 28
*PREVIOUS CLOSE: 159.36
*SUP 1: 159.12 Low Mar 28
*SUP 2: 159.01 High Mar 23 now support
*SUP 3: 158.53 Hourly resistance Mar 22 now support
*SUP 4: 158.35 High Mar 16 now support
*COMMENTARY: Bulls gained confidence with bullish focus on layers of resistance
160.26-160.98 and a close above needed to target 161.58-162.79 where 55 &
100-WMAs and the bear channel top are located. O/B daily studies remain the key
concern for bulls. Bears still need a close below 159.01 to ease bullish
pressure and shift initial focus back to layers of support 157.94-158.55 where
the 100-DMA is noted.

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