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(M18) Correcting Back Towards............>

BUND TECHS
BUND TECHS: (M18) Correcting Back Towards 158.12-55
*RES 4: 160.98 Monthly High Dec 11
*RES 3: 160.26 Low Dec 13 now resistance
*RES 2: 159.69 High Mar 28
*RES 1: 159.26 High Apr 5
*PREVIOUS CLOSE: 159.08
*SUP 1: 158.89 Low Apr 5
*SUP 1: 158.53 Hourly resistance Mar 22 now support
*SUP 2: 158.35 High Mar 16 now support
*SUP 4: 158.12 Hourly resistance Mar 20 now support
*COMMENTARY: Hesitation around 159.69 has taken its toll with a break of 159.01
and bears now initially looking for a correction back to 158.12-55. Correcting
O/B studies are adding weight to the case for a move lower. Initial resistance
is now noted at 159.26 with bulls needing a close above to place correction talk
on hold and retain focus on 159.69-160.26 where the daily bull channel top
around 160.14 is located.

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