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(M9) Downside Momentum Seen *RES 4:......>

BUND TECHS
BUND TECHS: (M9) Downside Momentum Seen
*RES 4: 166.83 High Feb 8 (continuation chart) 
*RES 3: 166.28 High Mar 7 (continuation chart) 
*RES 2: 164.74 High Mar 8,12 
*RES 1: 164.35 High Mar 19 
*PRICE: 163.94 @ 04:47 GMT Mar 20
*SUP 1: 163.63 Low Mar 19 
*SUP 2: 163.43 Low Mar 7 
*SUP 3: 163.06/163.21 Low Mar 5/50-dma 
*SUP 4: 162.42 Low Mar 1 
Bund futures saw some downside momentum yesterday with the March 12 low giving
way to shift the near term outlook negative. Bears target yesterday's low at
163.63 with a break below here opening the March 7 low at 163.43 ahead of the
March 5 low and 50-dma. Bulls need to overcome yesterday's high at 164.35 to
shift the focus back to the March 8,12 highs at 164.74. Above here would
reignite upside momentum and open the Feb highs on the continuation chart.

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