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(M9) Correction Deepens *RES 4:........>

BUND TECHS
BUND TECHS: (M9) Correction Deepens  
*RES 4: 167.65 First Pivot Resistance (162.42 - 166.75) 
*RES 3: 166.83 High February 8 
*RES 2: 166.75 High March 28 
*RES 1: 166.00 High Apr 3 
*PRICE: 165.32 @ 04:44 GMT Apr 4 
*SUP 1: 165.09 21-dma 
*SUP 2: 164.62 Low March 22 
*SUP 3: 164.02 50-dma 
*SUP 4: 163.63 Low March 19 
Bund futures broke below short term support yesterday shifting the near term
outlook bearish. The initial downside target comes in at the 21-dma at 165.09,
with a break below here opening the March 22 low at 164.62 ahead of the 50-dma
at 164.02. Bulls need a break back above 166 to open the March 28 high at
166.75, above which would reignite positive momentum bringing the Feb 8 high
back into play on the continuation chart.

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