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(M9) 166 Under Pressure *RES 4: 168.10...>

BUND TECHS
BUND TECHS: (M9) 166 Under Pressure
*RES 4: 168.10 Channel top resistance
*RES 3: 167.00 Bull flag breakout target
*RES 2: 166.75 High March 28 
*RES 1: 166.00 High Apr 3,10 
*PRICE: 165.75 @ 05:02 GMT Apr 25 
*SUP 1: 164.06 Low Apr 17 
*SUP 2: 163.63 Low Mar 19 
*SUP 3: 162.76 38.2% retracement of Sep-Mar advance 
*SUP 4: 162.42 Low Mar 1 
Bund futures took out the 21-dma and down trendline resistance yesterday to
shift the focus to the 166 level marking the April 3,10 highs. A close above
here would open the March 28 highs at 166.75 ahead of the bull flag breakout
target at 167.00. Bears focus remains on the April 17 low at 164.06. A close
below here would bring the March 19 low at 163.63 into play ahead of the 38.2%
retracement at 162.76.

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