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(M18) Bears Need Close Below 163.00......>

BUND TECHS
BUND TECHS: (M18) Bears Need Close Below 163.00
*RES 4: 164.64 Weekly Bear channel top off June 2016 High
*RES 3: 164.52 Low Sept 1 now resistance
*RES 2: 164.15 2018 High May 29
*RES 1: 163.81 Hourly resistance May 29
*PREVIOUS CLOSE: 163.31
*SUP 1: 163.00 Hourly support May 29
*SUP 2: 162.46 Hourly resistance May 29 now support
*SUP 3: 161.79 Low May 29
*SUP 4: 161.52 Hourly support May 28
*COMMENTARY: Aggressive gains have defined the week so far with immediate focus
currently on 164.52-64 where the weekly bear channel top off 2016 highs is
located. Being well above weekly (161.71) and daily (161.77) Bollinger tops and
extremely O/B momentum indicators hint the move is a little ahead of itself. In
saying that, bears need a close below 163.00 to gain breathing room and below
161.34 to shift focus back to 158.50-159.31 where 21 & 55-DMAs are found.

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