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(M18) Rally Stalls At 159.69, Watching...>

BUND TECHS
BUND TECHS: (M18) Rally Stalls At 159.69, Watching 158.82 Support
*RES 4: 160.26 Dec 13 low, now resistance
*RES 3: 160.07 1.618 swing of 159.69-159.07
*RES 2: 159.66/69 Apr 4, Mar 28 highs
*RES 1: 159.40/50 Hourly resistance
*PRICE: 159.22 @0755GMT
*SUP 1: 158.82/89 Hourly base Mar 27, Apr 5 low
*SUP 2: 158.53/55 Initial rally high Mar 22, Mar 23 low
*SUP 3: 158.30/35 Mar 19, Mar 16 highs, now support
*SUP 4: 157.75 Mar 21 low, 38.2% Fibo of 154.62-159.69
*COMMENTARY* A further upside burst last week produced a run through the 76.4%
Fibo retrace level at 159.48, to reach a high of 159.69. Has been unable to
improve on this so far. Support from the late March highs at 159.01 has since
been lost and focus now on the 158.82 area. Loss would concern and open up
deeper corrective possibilities of gains from 157.67. Nearest resistance
meanwhile drops to 159.40-159.50.

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