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(M9) Downtrend Stabilises *RES 4:........>

BUND TECHS
BUND TECHS: (M9) Downtrend Stabilises
*RES 4: 166.83 High February 8 
*RES 3: 166.75 High March 28 
*RES 2: 166.00 High Apr 3,10 
*RES 1: 164.94 High Apr 16 
*PRICE: 164.51 @ 04:48 GMT Apr 18 
*SUP 1: 163.63 Low Mar 19 
*SUP 2: 163.06 Low Mar 6 
*SUP 3: 162.76 38.2% retracement of Sep-Mar advance 
*SUP 4: 162.42 Low Mar 1 
Bund futures recovered the 55-dma yesterday as the downtrend from the March
highs stabilises. Bulls now look to recover Tuesday's high at 164.94 above which
would bring the key 166 level into focus marking the April 3,10 highs. Bears
focus remains on the March 19 low at 163.63. Below here opens the March 6 low at
163.36 ahead of the 38.2% retracement at 162.76.

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