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(M18) Immediate Focus On 158.25-45.......>

BUND TECHS
BUND TECHS: (M18) Immediate Focus On 158.25-45
*RES 4: 158.45 Daily Bull channel top
*RES 3: 158.39 High Jan 23
*RES 2: 158.25 100-DMA
*RES 1: 158.03 Bollinger band top
*PREVIOUS CLOSE: 157.85
*SUP 1: 157.73 Hourly resistance Mar 14 now support
*SUP 2: 157.34 Low Mar 14
*SUP 3: 157.06 55-DMA
*SUP 4: 156.88 Low Mar 9
*COMMENTARY: Gains continue with immediate focus on 158.25-45 where the 100-DMA
and bull channel top are located. Overall focus is now on the 159.27-58 region.
The Bollinger band top is the key concern for bulls and currently limits follow
through. Bears now need a close below 157.34 to ease bullish pressure and below
the 21-DMA (156.59) to confirm a break of the bull channel base off Feb 15 lows,
hinting at a move back to 154.62 and below 156.22 to confirm.

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