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(M18) Bulls Need Close Above 157.69......>

BUND TECHS: (M18) Bulls Need Close Above 157.69
*RES 4: 158.39 High Jan 23
*RES 3: 158.31 100-DMA
*RES 2: 158.06 Daily Bull channel top
*RES 1: 157.69 High Mar 5
*SUP 1: 156.94 Hourly support Mar 8
*SUP 2: 156.19 21-DMA
*SUP 3: 155.25 Low Feb 20
*SUP 4: 154.62 Monthly Low Feb 8
*COMMENTARY: The correction from March highs so far has found support around the
daily bull channel base off Feb 15 lows and the 21-DMA. Bears need a close below
the 21-DMA to shift focus back to 154.62-155.25 where Feb lows are noted. Bulls
continue to look for a close above 157.69 to regain the upper hand and initially
target 158.31-39 where the 100-DMA is situated. Overall focus shifts to
159.27-58 on a break of 157.69.

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