(M9) Bulls Target Channel Top *RES 4:....>

BUND TECHS: (M9) Bulls Target Channel Top

*RES 4: 166.83 High Feb 8 (cont) 

*RES 3: 166.48 High Feb 27 (cont) 

*RES 2: 166.22 Trend channel top 

*RES 1: 165.86 High March 22  

*PRICE: 165.59 @ 04:59 GMT Mar 25 

*SUP 1: 164.62 Low Mar 22 

*SUP 2: 164.05 21-dma 

*SUP 3: 163.63 Low Mar 19

*SUP 4: 163.54 50-dma

Bund futures closed the week on a strong note amid a shift the broad based

global risk aversion with bulls now targeting Friday's high at 165.86 ahead of

channel top resistance which comes in at 166.22. A break above here would bring

the Feb 27 high at 166.48 into focus on the continuation chart. To stabilise the

outlook bears need to take out Friday's low at 164.62. Below here would allow a

run a the 21-dma, below which would shift the outlook negative.