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(M18) Congested Resistance Seen..........>

BUND TECHS: (M18) Congested Resistance Seen Between 158.74-158.95 
*RES 4: 159.16 76.4% Fibo of 159.69-157.43
*RES 3: 158.95 Apr 13, Apr 17 lows, now resistance
*RES 2: 158.83 61.8% Fibo of 159.69-157.43
*RES 1: 158.74 Apr 16 low, now resistance
*PRICE: 158.58 @0720GMT
*SUP 1: 158.21 Initial rally high Apr 26, now support
*SUP 2: 158.00 Initial recovery high Apr 24, now support
*SUP 3: 157.72 Hourly base Apr 25
*SUP 4: 157.43 Apr 24 low
*COMMENTARY* Tuesday's 157.43 low was enough of a correction, at least for the
time being. Thursday's move back above 158.00-158.05 turned the near term tide
and has allowed some recovery of the losses seen since the Mar 28 high at
159.69. Today's move above 158.50-158.56, sees the beginning of some congested
resistance between 158.74 and 158.95 as potentially halting this rise. Above and
159.16 becomes pivotal to direction. Nearest supports 158.21 and then 158.00.

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