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(M9) 21-DMA Under Pressure *RES 4:.......>

BUND TECHS
BUND TECHS: (M9) 21-DMA Under Pressure
*RES 4: 167.65 First Pivot Resistance (162.42 - 166.75) 
*RES 3: 166.83 High February 8 
*RES 2: 166.75 High March 28 
*RES 1: 166.00 High Apr 3 
*PRICE: 165.31 @ 03:17 GMT Apr 5 
*SUP 1: 165.14 21-dma 
*SUP 2: 164.62 Low March 22 
*SUP 3: 164.07 50-dma 
*SUP 4: 163.63 Low March 19 
Bund futures continue to trade heavy as the recovery in risk appetite builds,
with the the 21-dma at 165.14 under pressure. A break below here would open the
March 22 low at 164.62 ahead of the 50-dma at 164.07. Bulls need a break back
above 166 to open the March 28 high at 166.75, above which would reignite
positive momentum bringing the Feb 8 high back into play on the continuation
chart.

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