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(M9) Struggling Ahead of March Highs.....>

BUND TECHS
BUND TECHS: (M9) Struggling Ahead of March Highs
*RES 4: 168.70 Channel top resistance 
*RES 3: 167.50 Inverse head and shoulders target 
*RES 2: 166.75 High March 28 
*RES 1: 166.61 High May 13 
*PRICE: 166.35 @ 04:42 GMT May 14 
*SUP 1: 165.94/92 Low May 10,8 
*SUP 2: 164.82/99 Low May 3/55-dma 
*SUP 3: 164.06 Low Apr 17 
*SUP 4: 163.63 Low Mar 19 
Bund futures extended their rally yesterday but failed to overcome the March 28
highs as a slight recovery in risk appetite has seen some downside momentum
resume. Bulls need to recover yesterday's high at 166.61 to shift the focus back
to the March 28 high at 166.75, while the inverse head and shoulders target sits
at 167.50. On the downside a close back below 166 would shift the focus back to
the 55-dma/May 3 low at 164.94/99.

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