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(M9) Consolidating Gains Above 166 ......>

BUND TECHS
BUND TECHS: (M9) Consolidating Gains 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: 166.47 High May 8
*PRICE: 166.21 @ 02:11 GMT May 9 
*SUP 1: 164.82/85 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 are consolidating the recent break above the key 166 level as bulls
keep yesterday's high at 166.47 in sight. 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 bears look for a break below Friday's low at 164.82 and the 55-dma
at 164.85 to open the April 17 low at 164.06.

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