(M9) 55-DMA Gives Way *RES 3: 166.83.....>

BUND TECHS: (M9) 55-DMA Gives Way

*RES 3: 166.83 High February 8 

*RES 2: 166.75 High March 28 

*RES 1: 166.00 High Apr 3,10 

*RES 1: 164.94 High Apr 16

*PRICE: 164.29 @ 04:59 GMT Apr 17 

*SUP 1: 163.63 Low Mar 19 

*SUP 2: 163.06 Low Mar 6

*SUP 3: 162.76 38.2% retracement of Sep-Mar advance 

*SUP 4: 162.42 Low Mar 1 

Bund futures have slipped below their 55-dma to extend the downtrend off the

March high and bring the March 19 low at 163.63 into focus. Below here opens the

March 6 low at 163.36 ahead of the 38.2% retracement at 162.76. To regain the

upper hand bulls have to recover yesterday's high at 164.94 above which would

bring the key 166 level into focus marking the April 3,10 highs.