(M18) Consolidation Continues After......>

BUND TECHS: (M18) Consolidation Continues After Cap Below 158.39

*RES 4: 159.42/48 1% vol band, 76.4% of 160.98-154.62

*RES 3: 158.77 1.618 swing 158.35-157.67

*RES 2: 158.55/60 61.8% 160.98-154.62, swing 157.69-156.22  

*RES 1: 158.35/39 Mar 16, Jan 23 highs

*PRICE: 158.27 @0750GMT

*SUP 1: 157.67 Initial high Mar 14, Mar 19 low

*SUP 2: 157.55 Hourly congestion Mar 13-14

*SUP 3: 157.34/36 Mar 14 low, Mar 8 high

*SUP 4: 157.15/17 Hourly highs Mar 9, Mar 13 low

*COMMENTARY* The rally faltered on Friday at 158.35 the lower edge of the

initial suggested 158.39 target zone. Monday's lower opening suggesting scope

for some correction, initially of gains from the Mar 8 low at 156.22. In this

respect, the Mar 14 high at 157.67 offers clues. Below here and the chance for a

deeper 157.55-157.34 fall increases, as we give back some of those gains from

156.22. Above 158.39 and next targets range between 158.55-158.77.