(M9) 55-DMA Acts As Support *RES 4:......>

BUND TECHS: (M9) 55-DMA Acts As Support

*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 3,10 

*PRICE: 164.66 @ 04:54 GMT Apr 15 

*SUP 1: 164.32/33 55-dma/Low April 15 

*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 found some support yesterday marginally ahead of the 55-dma at

164.32, but the lack of upside momentum keeps the focus on the downside. A break

below here would bring the March 19 low at 163.63 into focus ahead of the 38.2%

retracement at 162.76. Bulls have the tough task of recovering the 166 level to

improve the outlook and to return the focus to the March 28 high at 166.75.