(M18) Decline Held At 157.62,............>

BUND TECHS: (M18) Decline Held At 157.62, Resistance 158.05-158.15

*RES 4: 158.95 Apr 13, Apr 17 lows, now resistance

*RES 3: 158.74 Apr 16 low, now resistance

*RES 2: 158.30/40 Hourly recovery high Apr 20, Apr 20 high

*RES 1: 158.05/15 Hourly resistance

*PRICE: 157.92 @0725GMT

*SUP 1: 157.62 Apr 23 low

*SUP 2: 157.55 61.8% Fibo of 156.22-159.69

*SUP 3: 157.16 50% of 154.62-159.69, 1% volatility band

*SUP 4: 157.04 76.4% Fibo of 156.22-159.69

*COMMENTARY* Monday saw the slide continued, moving below 158.15 initially and

then later the 157.75-157.72 area. A low so far of 157.62 as head toward the

next support of note the 61.8% Fibo retrace level at 157.55. This then offers

the next real protection to the lower 1% volatility band and longer term Fibo

level situated at 157.16 by time today. Nearest resistance comes from

158.05-158.15 but any recovery will only generate pace above 158.30-158.40.