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(M18) 157.90 & 159.69 Levels Remain......>

BUND TECHS
BUND TECHS: (M18) 157.90 & 159.69 Levels Remain Key
*RES 4: 159.69 Monthly High Mar 28
*RES 3: 159.55 High Apr 18
*RES 2: 159.42 High May 7
*RES 1: 159.28 High May 8
*PREVIOUS CLOSE: 158.92
*SUP 1: 158.38 Low Apr 30
*SUP 2: 158.13 Daily Bull channel base
*SUP 3: 157.90 100-DMA, Hourly resistance Apr 26 now support
*SUP 4: 157.43 Low Mar 24
*COMMENTARY: Failure to trouble the 159.55-69 resistance region resulted in a
correction and dip below the 21-DMA (158.76) with focus now on 157.90. Bears now
look for a close below 157.90 to confirm breaks of the channel base, 55 &
100-DMAs and initially pressure 157.34-43. Correcting modestly O/B studies
remain a concern for bulls. Bulls look for a close above 159.69 to reconfirm a
bullish bias and shift initial focus to 160.26-98 where Dec highs are noted.

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