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(M18) Bulls Focused On 159.69............>

BUND TECHS
BUND TECHS: (M18) Bulls Focused On 159.69 Resistance
*RES 4: 160.91 Daily Bull channel top
*RES 3: 160.26 Low Dec 13 now resistance
*RES 2: 160.00 Bollinger band top
*RES 1: 159.69 High Mar 28
*PREVIOUS CLOSE: 159.39
*SUP 1: 158.83 Bull channel base off Feb 15 Low
*SUP 2: 158.74 Low Apr 16
*SUP 3: 158.53 Hourly resistance Mar 22 now support
*SUP 4: 158.35 High Mar 16 now support
*COMMENTARY: Bears failed to capitalise on the break of 158.89 with the contract
bouncing ahead of the bull channel base off Feb 15 lows Monday. Above 159.37
buys bulls breathing room with a close above 159.69 to reconfirm focus on
160.26-98. Bears now need a close below 158.74 to ease bullish pressure and
below 158.17 to shift immediate focus to 157.34-67 and below the 157.34 to break
the 55-DMA (157.35) & initially target 156.22.

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