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(M18) 161.34 Support Remains Key *RES....>

BUND TECHS
BUND TECHS: (M18) 161.34 Support Remains Key
*RES 4: 164.15 2018 High May 29
*RES 3: 163.81 Hourly resistance May 29
*RES 2: 163.06 High May 30
*RES 1: 162.46 Alternating hourly support/resistance
*PREVIOUS CLOSE: 161.83
*SUP 1: 161.34 High May 25 now support, 55-WMA
*SUP 2: 160.29 High May 24 now support
*SUP 3: 159.84 High May 23 now support
*SUP 4: 159.45 21-DMA
*COMMENTARY: With the rally this week a little overdone the contract has
corrected back to the 161.34 support. This level remains key with bears needing
a close below to shift focus back to 158.50-159.45 where 21 & 55-DMAs are
situated. Daily studies looking to correct from O/B remain a concern for bulls.
A close above 162.46 is needed to gain breathing room and above 163.06 to return
focus to 164.52-64 where the weekly bear channel top off 2016 highs is located.

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