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(M18) Topside Hesitation Continues.......>

BUND TECHS
BUND TECHS: (M18) Topside Hesitation Continues
*RES 4: 161.54 Weekly Bear channel top off Sept High
*RES 3: 160.98 Monthly High Dec 11
*RES 2: 160.26 Low Dec 13 now resistance
*RES 1: 159.69 High Mar 28
*PREVIOUS CLOSE: 159.29
*SUP 1: 159.07 Low Apr 3
*SUP 2: 159.01 High Mar 23 now support
*SUP 3: 158.53 Hourly resistance Mar 22 now support
*SUP 4: 158.35 High Mar 16 now support
*COMMENTARY: Hesitation around 159.69 continues with daily studies looking to
correct from O/B levels. The 159.01 support remains key. Bears still need a
close below 159.01 to ease bullish pressure and shift initial focus back to
layers of support 158.16-55 where 21 & 100-DMAs are noted. While 159.01 supports
bulls focus on layers of resistance 160.26-160.98 and a close above needed to
target 161.54-162.75 where 55 & 100-WMAs and the bear channel top are located.

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