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(M9) 164.74 The Level To Beat *RES 4:....>

BUND TECHS
BUND TECHS: (M9) 164.74 The Level To Beat
*RES 4: 167.21 138.2% projection from 165.84-166.83 (continuation chart) 
*RES 3: 166.83 High Feb 8 (continuation chart) 
*RES 2: 166.28 High Mar 7 (continuation chart) 
*RES 1: 164.74 High Mar 8,12 
*PRICE: 164.19 @ 05:05 GMT Mar 13 
*SUP 1: 163.92 Low Mar 12 
*SUP 2: 163.43 Low Mar 7 
*SUP 3: 163.06/162.96 Low Mar 5/50-dma
*SUP 4: 162.42 Low Mar 1 
Bund futures tested the March 8 high yesterday at 164.74 but were unable to take
out this level which remains the near term target. Above here would put the
focus back on the Feb highs on the continuation chart. To regain the upper hand
bears need a break below yesterday's low at 163.92. A close below here would
give bears an opportunity for a downside reversal, with the March 7 low at
163.43 the next downside target. 

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