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(M9) 55-DMA Remains The Target *RES.....>

BUND TECHS
BUND TECHS: (M9) 55-DMA Remains The Target 
*RES 4: 168.20 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: 165.16 @ 04:56 GMT May 3
*SUP 1: 164.84/69 Low Apr 30/55-dma 
*SUP 2: 164.06 Low Apr 17 
*SUP 3: 163.63 Low Mar 19 
*SUP 4: 162.42 Low Mar 1 
Bund futures remain on the back foot with bears looking to take out Tuesday's
low at 164.84 to open the 55-dma at 164.69. A break below here would open the
April 17 low at 164.06 ahead of the March 19 low at 163.63. Bulls look to take
out the key 166 level marking the April 3,10 highs. A close above here would
shift the focus back to the March 28 highs at 166.75 ahead of the bull flag
breakout target at 167.00.

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