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(M9) March 8/12 Highs in Focus *RES 3:...>

BUND TECHS
BUND TECHS: (M9) March 8/12 Highs in Focus
*RES 3: 166.28 High Mar 7 (continuation chart)
*RES 2: 165.63/90 138.2%/150% projection from 162.42-164.74
*RES 1: 164.74 High Mar 8,12
*PRICE: 164.47 @ 20:53 GMT Mar 20
*SUP 1: 163.84/63 21-dma/Low Mar 19
*SUP 2: 163.43 Low Mar 7
*SUP 3: 163.06/163.21 Low Mar 5/50-dma
After trading below the 21-dma on Tuesday, Bund futures failed to close below
this key level before the dovish FOMC Staff Economic Projections saw Bund
futures break higher above this week's trading range. Focus will now be on the
Mar 8/12 highs at 164.74. Above here would reignite upside momentum and open the
Feb highs on the continuation chart. Bears target initially need to break back
below the 21-dma at 163.84 before challenging Tuesday'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.

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