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(M18) Remains Supported Below 55-DMA.....>

BUND TECHS
BUND TECHS: (M18) Remains Supported Below 55-DMA
*RES 4: 158.74 Low Apr 16 now resistance
*RES 3: 158.40 High Apr 20
*RES 2: 158.09 100-DMA
*RES 1: 158.04 Low Apr 19 now resistance
*PREVIOUS CLOSE: 157.77
*SUP 1: 157.59 55-DMA
*SUP 2: 157.34 Low Mar 14
*SUP 3: 156.22 Monthly Low Mar 8
*SUP 4: 156.02 Weekly Bear channel base
*COMMENTARY: Bulls take comfort in bounces from below the 55-DMA with bears
continuing to look for a close below 157.34 to confirm traction below the 55-DMA
and initially target 156.02-22 where the weekly bear channel base is found. The
Bolli base (157.74) and O/S daily studies are now concerns for bears. Bulls now
need a close above the 100-DMA to ease bearish pressure and above the 21-DMA
(158.95) to return focus to 159.55-69 where Mar & Apr highs are noted.

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