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

BUND TECHS: (M18) Rally Breaks Above Pivotal 159.16 Resistance
*RES 4: 160.21 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: 159.42 Intraday high
*PRICE: 159.35 @1400GMT
*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* April's 157.43 low was enough of a correction, at least for the
time being, last 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 previously been held back by congested resistance between 158.83 and
158.95 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.

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