(M18) Rally Breaks Above Pivotal.........>

BUND TECHS: (M18) Rally Breaks Above Pivotal 159.16 Resistance

*RES 4: 160.06 1% volatility band

*RES 3: 159.92 Equality rise from 158.43 to 157.43-158.91

*RES 2: 159.69 Mar 28 high

*RES 1: 159.35 May 3 high

*PRICE: 159.28 @0745GMT

*SUP 1: 158.65/67 Hourly support

*SUP 2: 158.38/43 Apr 30, May 3 lows

*SUP 3: 157.95 Congestion area Apr 20-26

*SUP 4: 157.43 Apr 24 low

*COMMENTARY* Last week'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 allowed some recovery of the losses seen since the Mar 28 high at 159.69.

Had been held back by congested resistance between 158.83 and 158.95 this week

but Thursday's rise through here and the pivotal 159.16 level, sees potential

for a 159.69 return and perhaps 159.92. Support 158.65-158.38.