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BUND TECHS
BUND TECHS: (M18) A 159.50 Break Would Open Up 159.69-160.00 Next
*RES 4: 160.23 1% volatility band
*RES 3: 160.00 50% Fibo of 163.78-156.22
*RES 2: 159.69 Mar 28 high
*RES 1: 159.50 May 21 high
*PRICE: 159.48 @0730GMT
*SUP 1: 158.74/85 May 22 low, hourly support
*SUP 2: 158.61 May 21 low
*SUP 3: 158.39 May 17 high, now support
*SUP 4: 158.11 Initial rally high May 18, now support
*COMMENTARY* A brief new high of 159.50 on Monday, before once again giving back
some ground. This saw initial support from around 158.80 given a test, a low of
158.74 on Tuesday. The subsequent bounce is breaking clear of 159.35 resistance,
above which would licence another 159.50-159.69 rise. Any higher and 160.00, the
50% Fibo retrace and swing target of the recent 159.50-158.74 rise, then comes
into play. Back below 158.85 would caution again.

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