(M18) 160.54-160.90 The Next Topside.....>

BUND TECHS: (M18) 160.54-160.90 The Next Topside Target Range

*RES 4: 161.13 Jan 23 high

*RES 3: 160.90 Equality rise from 157.43 to 156.22-159.69

*RES 2: 160.89 61.8% Fibo of 163.78-156.22

*RES 1: 160.54 1.618 swing 159.42-157.61, 1% vol band

*PRICE: 160.49 @0758GMT

*SUP 1: 160.00/05 Hourly support, intraday low

*SUP 2: 159.84 May 23 high, now support

*SUP 3: 159.50 May 21 high, now support

*SUP 4: 159.31 May 24 low

*COMMENTARY* The upside can now focus on two more targets. The first is the

swing target at 160.54, which coincidentally is also the level of the upper 1%

volatility band today. If able to break through here, then the 160.89-160.90

area comes into view. This a combination of a 61.8% Fibo retrace level and the

equality rise from the Apr 24 low at 157.43 to the preceding 156.22-159.69 rise

seen earlier in the year. Support now from 160.05-159.84.