(M9) Bulls In Charge Above 166 *RES.....>

BUND TECHS: (M9) Bulls In Charge Above 166 

*RES 4: 168.60 Channel top resistance 

*RES 3: 167.50 Inverse head and shoulders target 

*RES 2: 166.75 High March 28 

*RES 1: 166.54 High May 9

*PRICE: 166.29 @ 06:06 GMT May 10 

*SUP 1: 164.82/89 Low May 3/55-dma 

*SUP 2: 164.06 Low Apr 17 

*SUP 3: 163.63 Low Mar 19 

*SUP 4: 162.42 Low Mar 1 

Bund futures continue to trade above resistance turned support at 166, with the

near term focus on  yesterday's high at 166.54. A break above here would open

the March 28 highs at 166.75 while the inverse head and shoulders target sits at

167.50. On the downside a break back below 166 would shift the focus back to

Friday's low at 164.82 and the 55-dma at 164.89.