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(M18) Rally Faltering Below March High...>

BUND TECHS
BUND TECHS: (M18) Rally Faltering Below March High
*RES 4: 160.36 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 May 7 high
*PRICE: 158.83 @1600GMT
*SUP 1: 158.80 Hourly support
*SUP 2: 158.60 Hourly congestion Apr 27-May 2
*SUP 3: 158.38/43 Apr 30, May 3 lows
*SUP 4: 158.19 Hourly high/low Apr 26
*COMMENTARY* Has struggled to maintain upside momentum after breaking above
pivotal 159.16 resistance last Thursday. This has so far precluded a test of the
Mar 28 high at 159.69. A high of 159.42 as some near term overbought conditions
take a hold. Look to 158.80 for initial support but only a move back below
158.60 would damage further upside hopes at this juncture and put pressure back
on 158.43-158.38. Above 159.69 and the equality rise target at 159.92 next.

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