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(M9) Bears Target 55-DMA *RES 4:.........>

BUND TECHS
BUND TECHS: (M9) Bears Target 55-DMA
*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: 165.12 @ 05:04 GMT Apr 30 
*SUP 1: 164.66/86 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 broke below the 21-dma yesterday as downside momentum emerges after
the failure to take out the key April 3,10 highs. Focus is now on Tuesday's low
and the 55-dma at 164.86/66, below which 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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