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(M18) 160.38 Resistance Key Today *RES...>

BUND TECHS
BUND TECHS: (M18) 160.38 Resistance Key Today
*RES 4: 162.04 2018 High Jan 8 (Cont)
*RES 3: 161.29 55-WMA
*RES 2: 160.98 Monthly High Dec 11
*RES 1: 160.38 High Mar 5 (Cont)
*PREVIOUS CLOSE: 160.14
*SUP 1: 159.84 High May 23 now support
*SUP 2: 159.22 Hourly resistance May 23 now support
*SUP 3: 158.76 21-DMA
*SUP 4: 158.74 Low May 22
*COMMENTARY: Pressure is now on the 160.38 level with bulls now needing a close
above to confirm focus on the 55-WMA and then the 2018 high above. The Bollinger
band top (160.00) is the key concern for bulls and limits follow through. In
saying that, layers of support accumulating adds to bullish confidence. Bears
now need a close below 159.84 to gain breathing room and below 159.31 to shift
initial focus back to 158.50-76 where 21 & 55-DMAs are noted.

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