(M18) Bulls Need Close Above 150.90 ......>

JGB TECHS: (M18) Bulls Need Close Above 150.90 

*RES 4: 151.06 - High Mar 12

*RES 3: 150.90 - Low Mar 9 now resistance

*RES 2: 150.89 - 21-DMA

*RES 1: 150.87 - Monthly High Nov 22

*PRICE: 150.80 @ 2030GMT

*SUP 1: 150.73 - High Mar 14 now support 

*SUP 2: 150.64 - Bollinger band base 

*SUP 3: 150.61 - 200-DMA 

*SUP 4: 150.55 - Low Mar 2

*COMMENTARY: Bulls take comfort in the 200-DMA supporting and the recovery that

sees initial focus on 150.87-90 where the Bollinger band top and 21-DMA are

situated. Bulls now need a close above 150.90 to shift initial focus to 151.06

and overall focus to 151.15-21 where 2018 and Nov highs are situated. The 150.55

support remains key with bears needing a close below to shift initial focus to

150.36 and overall focus back to 150.08-09 where 2018 and Oct lows are noted.